Effects Of The Depression Flashcards
Who were the four main effects of the depression?
Business
Unemployment
Farmers
Homeless
How many businesses went bankrupt?
Between 1929-1933 over 100,000 businesses
Other sacked workers
By 1933 what was production like?
Industry was producing less than 1/5 of what it had been before the crash
By 1932 how many people were unemployed?
12 million
What did earnings In factories from to?
From $28 per week to $22 per week
What did many people try to get jobs as?
Selling newspapers or apples on street corners
Cleaning peoples shoes
How much did farmers income drop by between 1929-1933?
60%
What made conditions worse for famers in the mid west?
Over farming created a dust Bowl so many areas were no longer suitable for growing crops
What were many people doing by 1933?
By 1933 around one million people were traveling round America looking for work (many travelled illegally on railways)
What were created by those who couldn’t afford to keep their homes?
Shanty towns of shelters on the edges of towns known as Hoovervilles
What was the banking crisis?
5000 banks went out of business
What happened as a result of a lack of welfare systems?
People became so poor they couldn’t afford to feed themselves
People had to join breadlines
American people began protesting against the government and violence broke out
Why did the depression become global?
American recalled its loans to European countries from ww1
