The Depression Flashcards
In 1932 how many people had their homes repossessed?
250,000
In 1933 what percentage of Americans were unemployed?
25% of Americans
How had industrial production and wages fallen by 1933?
Industrial production was down 40%,
Wages were down 60%
What was caused by over production that made the agricultural situation worse?
The dust bowl
What did Hoover do to attempt to solve the Depression that goes unnoticed?
In 1930 he cut taxes and the Committee for Unemployment Relief was formed,
In 1931 he gave $4000 million to provide work schemes,
In 1932 he passed the Emergency Relief Act which gave $300 million to unemployment pay
How many banks went bankrupt from 1929-32?
5000 banks including the Bank of America
How many people were admitted to hospital for starvation in 1931?
238
