The Wall Street Crash Flashcards
1
Q
When were the first signs of the boom happening?
A
In 1926 when Floridas land value decreased
2
Q
What other signs were there that a crash was coming?
A
- too much food not being eaten so prices were going down
- too many small banks that didn’t have enough money when everyone went to remove their savings in 1929
- too much speculation in the stock market, middle class people bought shares just to resell again
3
Q
How many people did the crash leave unemployed in USA?
A
13 million
4
Q
Name 6 causes for the Wall Street crash
A
- tariffs harmed world trade
- low prices for raw materials and products
- USA loans to Europe were recalled
- large numbers of poor people worldwide
- profits fell
- banks went bust
5
Q
Name 5 consequences of the Wall Street crash
A
- mass unemployment
- cut investment in industry
- farmers couldn’t carry on producing food
- can’t afford food, poverty
- unable to repay bank loans
6
Q
What were the ultimate effects of the Wall Street crash on Germany?
A
Led to mass unemployment and disillusionment of Weimar Republic, leading to the rise of the nazis
7
Q
How many were unemployed in Germany in 1929?
A
2.48 million
8
Q
How many were unemployed in Germany in 1932?
A
6.12 million
9
Q
When was the Wall Street crash?
A
October 1929
