The Great Depression Flashcards

1
Q

What was the cons of mass manufacturing?

A
  • Over production of goods and increased speculation of the market.
  • Led to investors selling shares, $40 Billion wiped of shares.
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

What happened on the September 29th 1929?

A
  • Wall Street Crash.
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

What happened to the economy during the crash?

A
  • Businesses go bankrupt, unemployment rises.
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

What happened to Germany as a result of the crash?

A
  • As the US loaned out money to Germany to help them rebuild their economy. The callback of the loans leads Germany to suffering a huge economic crisis.
How well did you know this?
1
Not at all
2
3
4
5
Perfectly