Life Before And After The Depression

Question 1

Before the depression:

Unemployment was as low as 3.2% in 1929

Answer 1

During the depression:

Unemployment grew to 25.2%

Question 2

Before the depression:

by 1929 4 million cars were bought in a year

Answer 2

During the depression:

by 1933 sales dropped to 1.1 million and none of them were bought on credit

Question 3

Before the depression:

5,000 of the 30,000 banks were closed in America during the 1920’s

Answer 3

During the depression:

between 1929 to 1933 another 10,000 banks were closed which was now half the banks in America gone.

Question 4

Before the depression:

Avrage wage was estmated around $1,716 by 1929

Answer 4

During the depression:

Avrage wages dropped to $680 which was only $2.50 per day