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5 Cards in this Set
- Front
- Back
- 3rd side (hint)
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what was the cause of the wall street crash?
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during 1929 Americans began investing in shares and prices kept rising.
however in 1928 shares did not rise as much as in the previous years leading to a loss of confidence in the market and drop in share prices. |
what was the difference ion 1929 and 1928?
what happened to the perices in 1929 what happened to the prices in 1928? how did people react? |
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what happened in October 1929?
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black Thursday was on October 1929 nearly 3.5 million shares were sold and prices began to fall quickly and shares began to collapse.
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what was the name of the day?
how much shares were sold? what happened tot he prices? |
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what were the impacts of unemployment?
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by the end of 1929
2.5 million unemployed dramatically increased from 1929-32 drop in us economy and world trade businesses closed down due to fall in demand for American consumer goods |
2.5 unemployed
1929-32 economy world trade fall in demand |
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how did the wall street crash effect the cities?
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factories began to close down
people stopped spending production slowed down rapid rise in unemployment by the end of 1933 one 3rd of the workforce was unemployed people lost their homes hoovervilles became known the unemployed slept int e streets and became hobos 19232 there were 2 million hobos worse for black people |
factories closed down
rise in unemployment |
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how did it effect the countryside?
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backrupcy amoung farmers grew
food rot on the ground the drought in 1931 made it worse for farmers Oklahoma new Mexico and Kansas was worse hit by the drought soil turned to dust causing dust storms. more the 1 million people left their homes to seek work in the west coast okies and arkies worked for very low wages resented by locals because they took all the jobs |
bunckrupcy
arkies okies locals |
