Effects Of Depression Flashcards Preview

History Unit 2-cm > Effects Of Depression > Flashcards

Flashcards in Effects Of Depression Deck (12):
1

How many businesses went bankrupt during 1929-33?

100,000

2

How many people were unemployed by 1932?

12 million

3

What did factory wages drop from and too?

$28 a week to $22

4

How much did farm income fall by from 1929-33?

60%

5

How many people were travelling around America searching for work in 1933?

1 million

6

How much did Hoover give to building projects?

$4,000 million

7

What year was the Hawley-smoot tariff enforced?

1930

8

What was the hawley-smoot tariff?

40% tax on goods imported from abroad to encourage people to buy American goods

9

What was the Emergency Relief act of 1930?

$300 million to help unemployed people

10

What was the reconstruction finance corporation of 1932?

Gave loans of $1,500 million to businesses

11

How many banks went out of business?

5,000 banks went out of business

12

What percentage did industrial production drop by?

45%