long term causes of the wall street crash Flashcards
1
Q
when did the building industry start failing?
A
1926
2
Q
name 3 industries that were in ‘trouble’ during 1920s
A
coal
textiles
iron
3
Q
what continent put up tariffs in response to America’s
A
europe
4
Q
what Republican policy meant that wages remained low so workers couldn’t buy goods?
A
laissez-faire
5
Q
what did the average American earn per year?
A
less than $2000
6
Q
what percentage of the population had low wages?
A
60%
7
Q
name 3 groups who had low wages
A
blacks
immigrants
natives
8
Q
what top percentage of the country owned what percentage of the wealth?
A
top 5%
33%
