The Depression Flashcards
By 1932 how many were without jobs?
By 1932 there were 12 million without jobs.
By 1932 how many US banks collapsed?
By 1932 20% of US banks had collapsed.
How much were farmers earning per year?
Farmers were earning an average $273, which was below the average of $750.
How many farms suffered foreclosures?
Out of 5300 farms there were 3500 foreclosures.
How many lived below the breadline?
16 million families or 60% of the population lived below the breadline.
How much did the richest 5% have?
The richest 5% of the population owned 33% of the national income.
How much did the richest 1% have?
The richest 1% of the population owned 19% of the national income.
How many did Ford employ by 1931?
In 1929 Ford was employing 120,000 people but by 1931 this had fell to 37000.
What did the Hawley Smoot Tariff of 1930 raise duties on farming products to?
The Hawley Smoot Tariff of 1930 raised duties on farming products to 42%.
