The spread of the Depression (T2) Flashcards
What was unemployment like before the depression?
Unemployment was as low as 3.2% in 1929
What was unemployment like after the depression?
- Some estimates were around 25.2% by 1933 of the labour force - this meant 12,830,000 were out of work
- Others estimated it was closer to 17 million
What was the national wage bill estimated at in 1932 compared to 1929?
Only 40% of the 1929 figure
What was the GDP like before the depression?
In 1920 –> $73 billion
In 1929 –> $104 billion
What was the GDP like in 1933 after the depression?
Around half of what it was in 1929 (around $54 billion)
What was the GNP in 1929?
$203.6 billion
What was the GNP after the depression?
$144.2 billion
In 1929 how much was spent on radios?
$852 million
Before the depression, who’s fault was it seen as for unemployment?
The individual
Before 1932, how many states had any recognised unemployment benefit?
None
Before 1932 how many states had pension schemes?
11
What was the suicide rate in 1929?
14% per 10,000
After the depression what did many familie shave to do to survive?
They had to sell belongings, clothes, furniture and anything that would help them to survive
What was the suicide rate in 1932?
17.4 % per 10,000
How did the rate of marriages change between 1929 and 1932?
1929 –> 1.23 million
1932 –> 982,000
How did the birth rate change between 1929 and 1932?
1929 –> 21.2 per thousand
1932 –> 19.5 per thousand
Was there any form of benefits during the depression?
No - none at all
How many one parent families headed by women were there in 1931?
How many of these received any aid?
3.8 million
19,280 received any aid
Who were the presidents during the depression and the new deal?
- Herbert Hoover (March 1929 - March 1933)
- Franklin Delano Roosevelt (March 1933 - April 1945)
Who was President 1933 - 1945?
Franklin D Roosevelt
Was Franklin D Roosevelt a Democrat or Republican?
Democrat
Was Herbert Hoover a Democrat or Republican?
Republican
Who was Secretary of the Treasury 1921-1932?
Andrew Mellon
Who was Secretary of the Treasury 1932-1933?
Ogden Mills