The Depression Flashcards
What was the impact of the depression on the USA?
4 points
1) There was speculation on the stock market.
2) There was a panic selling of shares
3) An overproduction of foreign trade
4) Unequal distribution of wealth.
Who were the Bonus Marchers and what did they want?
WW1 veterans who wanted their bonuses paid.
What did the Bonus Marchers want the government to do?
To issue a bill which allowed early payment of their bonuses.
What did the Bonus Marchers do in May and June of 1932?
A Bonus Expeditionary Force, made up of over 12000 unemployed and homeless veterans from all over the USA, marched to Washington DC to voice their support for a bill.
How did the Government react to the Bonus Marchers?
4 points
1) They labelled them as a rabble and communists and sent the police to clear them from the buildings they lived in.
2) It would cost the government $2.3 billion and Hoover declared this was too much.
3) congress provided money for transport home for the Marchers but 5000 refused.
4) The army were sent to disperse the crowd.
How many people were unemployed by the end of 1929?
2.5 million
How many people were unemployed by 1932?
13 million
How did black and white unemployment compare in the cities?
Black unemployment: 50 %
White unemployment: 20 %
What did the depression cause in cities?
4 points
1) Factories began to close down.
2) People stopped spending.
3) Production slowed down or stopped.
4) People lost homes and drifted across the country as hobos.
How much of the workforce were unemployed in 1933?
1/3
How many hobos were there in 1932?
2 million
What was the depression like in the countryside?
4 points
1) Farmers unable to sell their produce.
2) Food left to rot.
3) More that 1 million left home to seek work.
4) People from Oklahoma were known as ‘Okies’ and Arkansas ‘Arkies’.
What was the drought in 1931 known as?
The Dust Bowl
In which areas of America did the Dust Bowl affect?
Oklahoma, Colorado, New Mexico and Kansas.
How much land did the Dust Bowl affect?
2 million hectares