The 'great Depression'

Question 1

What caused the great depression?

Answer 1

• Factories overproduced
• people sold their shares due to the falling profits
• share prices began to drop
• businesses failed

Question 2

How was the USA affected by the great depression?

Answer 2

• A lot of Americans lost their jobs
• lack of support from the government = negative attitude towards the president
• shantytowns, homelessness and poverty increased

Question 3

What problems did farmers face due to the great depression?

Answer 3

• Transporting animals to the markets cost more than the animals themselves
• International trade fell
• unable to pay their mortgages

Question 4

How was employment affected by the great depression?

Answer 4

• 1928 - 1933 industrial and farm production fell by 40%
• by 1933, 14 billion people were unemployed
• 50,000 banks had gone bankrupt