USA booklet 4: Wall Street Crash Flashcards
What month and year did the Wall St. Crash occur?
October, 1929
What percentage did banks lend when ‘Buying on Margin’?
90%
How much money did Rockefeller lose?
$160 million
What ratio of farmers were evicted from their land?
1/20
What did farm income drop to by 1933?
$5 billion
How much did average income drop by?
60%
What was gambling on the stock market nicknamed?
Speculation
How many people died of starvation during the depression?
45
What percentage of people was unemployed in Toledo?
80%
How many share holders were there by 1929?
20 million
How many depositors did the Bank of USA have when it closed in 1930?
400,000
Fill in the blanks: ‘In _____ we ______ and now we are ______’ (Iowa Farmers’ slogan)
Hoover, trusted, busted
What nickname did the shanty towns have?
Hoovervilles
Who did Hoover use to deal with the Bonus Marchers?
General Douglas McArthur
By how much did farm and industrial production fall?
40%
How many speculators were there by 1929?
600,000