Great Depression Flashcards

1
Q

When did the Great Depression begin?

A

It began in the United States in 1929

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2
Q

When did the Great Depression end?

A

1939

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3
Q

What was the unemployment rate in New Zealand during the Great Depression?

A

30%

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4
Q

What was the unemployment rate in the USA during the Great Depression?

A

25%

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5
Q

What was the unemployment rate in the United Kingdom during the Great Depression?

A

22%

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6
Q

What was the unemployment rate in Australia during the Great Depression?

A

32%

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7
Q

What resource dropped in price the most during the Great Depression and by how much?

A

Wool, by 60%

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8
Q

How much did export prices drop in 2 years?

A

45%

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9
Q

What percent did export prices drop by in 3 years?

A

40%

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10
Q

Why did the Impact spread from the US to Europe and then to the rest of the world?

A

This was a result of the close interconnections between the United States and other economies after the First World War.

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11
Q

What happened on Black Thursday

A

It was the first day of the Stock Market crash

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