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.
2
Q
What happened on the September 29th 1929?
A
- Wall Street Crash.
3
Q
What happened to the economy during the crash?
A
- Businesses go bankrupt, unemployment rises.
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.