(The spread of the Depression, 1929-1932) Effects on individual industries Flashcards
Summarise the effects on individual industries in one sentence.
While the country as a whole was gripped by depression, there remained innovation & prosperity in pockets of industry.
Modern industries remained prosperous.
Give evidence.
(2)
Air conditioning introduced.
Aviation benefitted from first cross continent flights & passenger numbers more than doubled, 1932-1938.
Give 2 examples of older industries that suffered, with evidence.
Coal industry - workforce fell by 300,000 1929 - 1932.
Car sales - fell from 4.45 million to 1.1 million.
How did geographical areas impact the effect on individual industries?
Agricultural South and traditional industrial North suffered the most, but were already under economic pressure before onset of Depression.
What did production look like in 1933 compared to 1929?
Half of what it was in 1929 by 1933, meaning production & demand had plummeted.
What were many farmers forced to do?
Leave crops to die as they couldn’t produce harvest due to property foreclosure so they lost land & often homes.
What had happened to workers still employed in the coal industry?
Part-time & earned as little as $2.50 a day.
Agriculture was impacted by the Dust Bowl.
What was this?
Severe dust storms that damaged the agriculture of prairies in the 30s due to severe drought & failure to apply dryland farming methods.
How were schools coping in this time?
In Arkansas, schools were closed for 10 months & in Chicago, teachers were unpaid during the winter of 1932-33.
How was the car industry coping in this time?
Car sales fell from 4.4 million in 1929 to 1.1 million in 1933.
What had become virtually unavailable that negatively impacted the car industry?
Credit
How did the construction industry suffer?
Value fell from $6.6 billion 1929 to $1.3 billion 1932.
