Wall Street Crash Flashcards
1
Q
Top tax bracket 1925
A
25%
2
Q
Stock price rise
A
May 1928 - September 1929
3
Q
Recession begins
A
August 1929
4
Q
Recession effects
A
Production declines 20% annually
Wholesale prices decline 7.5%
Income declines 5%
5
Q
Stock market crash begins
A
29th October 1929
6
Q
Losses October 1929
A
$16 billion
7
Q
Federal reserve interest reduction
A
6% to 4% in February 1930
8
Q
Hawley-Smoot Tariff
A
17th June 1930
40% tax
9
Q
GNP fall 1929 - 1930
A
9.4%
10
Q
Unemployment rate increase 1929 - 1930
A
3.2% to 8.7%
11
Q
GNP fall 1931
A
8.5%
12
Q
Unemployment rise 1931
A
15.9%
13
Q
GNP fall 1932
A
13.4%
14
Q
Unemployment rise 1932
A
23.6%
15
Q
Bank failures
A
10,000 since 1929 or 40%
16
Q
GNP fall 1929 - 1932
A
31%
17
Q
Americans who have lost their jobs 1929 - 1932
A
13 million
18
Q
International trade fall 1929 - 1932
A
Two-thirds
19
Q
Tax rate increase 1932
A
25% to 63%
