Wall street crash and the great depression Flashcards
1
Q
Who was immediatly hit by the wall street crash?
A
Rich investors, Small investors.
2
Q
What happened to banks during the wall street crash?
A
The banks had gambled away peoples money so couldnt pay them back.
3
Q
What did People do with there money after the wall street crash?
A
Kept it at home.
4
Q
Why did unemployment rise?
A
Business’s were no longer hiring due to no one buying products.
5
Q
What happened to regular people?
A
- Homelessness rose
- People buillt hoovervilles
6
Q
What happened to farmers during the great deppression?
A
- 1/20 evicted
- Dustbowl made growing crops hard
7
Q
A
