06: The Depression Flashcards by Sam B

Q

Depression: Impact on Farmers

A

Land lost + homes lost
Dust Bowls - overproduction weakened land leading to soil erosion
exports fell by $7 billion

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Q

Depression: Impact on Businesses + Businessman

A

By 1933, 100,000 businesses went bankrupt

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Q

Depression: Impact on Unemployment

A

1929 only 2.5 million unemployed
BUT by 1933, 14 million unemployed

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Q

Herbert Hoovers immediate reponse to Depression

A

Tax cuts
Higher tariffs
Rugged individualism: In Seattle you can pick fruits + vegs
Reconstruction Finance Company gave loans to businesses

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