Wall Street Crash Flashcards
0
Q
Effects
A
5000 banks collapsed Industry fell 45% House building fell 82% Unemployment 13million in 1932 Hoover stew, blankets, villes
1
Q
How
A
Black Tuesday 29th October Too much credit from too small banks Overproduction Unequal wealth Protectionism Speculation & buying on the margin
2
Q
Hoover’s failure
A
Prosperity is just around the corner
Rugged individualism
Bonus marchers were crushed
