Start of the New Deal: The Scale of the Crisis

Question 1

What was the GNP in 1933 compared to 1929?

Answer 1

GNP of 1933 was half that of 1929

Question 2

What was unemployment % in 1933?

Answer 2

25% - about 15 million people

Question 3

What was an employment issue in Chicago?

Answer 3

Teachers went unpaid for a year, thousands of schools simply closed

Question 4

What happened to banks at Roosevelt’s inaugration?

Answer 4

32 states closed for ‘extended bank holidays’ to avoid open collapse, 6 other closed almost all banks, 10 states had limited withdrawals (in Texas it was $10/day)

Question 5

How many $s of deposits were wiped out?

Answer 5

$7 billion

Question 6

How many people lost their homes in 1932?

Answer 6

250,000 in 1932 alone

Question 7

What happened to the prison population?

Answer 7

Grew by 40%, crime rose massively

Question 8

What happened to marriages and births?

Answer 8

Reduced

Question 9

What happened when an advert for 6,000men in the USSR was placed?

Answer 9

Attracted 100,000 men

Furthered by the 1933 collapse of the Weimar Republic which seemed to prove how capitalism was failing