(The spread of the Depression, 1929-1932) Growth of unemployment Flashcards
How did unemployment change between 1929 and 1933?
1929 - 3.14%
1933 - 24.75%
In 1932, the ________ _____ _____ was only ___% of the 1929 figure.
a) national wage bill
b) 40%
What did employment look like?
Uneven distribution across industries and regions of USA.
What did the average wage reach at its highest in the 1920s?
How did this change?
$1716
1932 - $687.
What was happening to unemployment and production by 1929?
What did this do?
Production declined & unemployment rose, leaving stock prices higher than their actual value.
What happened after consumer confidence vanished?
Downturn in spending & investment led factories & other businesses to slow down production & fire workers.
What happened to those lucky enough to stay in work during the Depression?
Wages fell as buying power decreased
What happened to unemployment between 1930 and 1932?
1930 = 4 million
1931 = 6 million
1932= 15 million
What did unemployment look like across the USA as a whole?
Give evidence.
Unevenly distributed.
3 out of 6 million people in Ohio were unemployed, but only 1 out of 12 in New York.
What were many families forced to do?
Sell belongings to help pay the bills.
Jobs previously been reserved for _____ Americans ( such as _____), were now being offered to ____ Americans, showing the ________ of unemployment.
a) black
b) waiters
c) white
d) severity
Many _____ Americans had been recruited as ________ workers to help in _____. Many lost their ____ when the _____ industry ____.
a) Hispanic
b) seasonal
c) agriculture
d) jobs
e) farming
f) failed
How was the USA ill-equipped to handle unemployment?
There was no federal unemployment benefit.
Who provided the majority of poor relief in America?
Charities
What did Fortune magazine estimate in regards to how many people received an income?
As much as 28% of the population was not receiving any income.
