The Great Depression BANANZA VER

Overall spending on consumer durables dropped ______ in 1930

20%

The Lynds found that from 1926-33 in Munice that the transactions by grocery stores fell by….

50%

The Lynds found that in Munice from 1926-33 the retail sector contracted by….

39%

Ford’s sales were halved from…

1930-31

During the Depression, Ford reported a loss annually of…

$37 million

What company laid off 100k of its 260k workers 1929-31?

GM

In 1930, ____ businesses failed

26,555

It is estimated that _____ workers lost their jobs (despite lack of hard data)

4 million

Cotton prices 1929, 1930, 1931

16.8 cents, 9.5 cents, 5.7 cents

Unemployment rayes 1930, 1931, 1932

9%, 16%, 24%

How many homes were foreclosed in 1930?

150,000

How many homes were foreclosed in 1926?

68,000

In 1933, averaged foreclosures were…

1000 a day

By the end of 1933, _____ of all mortgages were in default

half

1929 bank fails

659 with $250 million

1930 bank fails

1,352 with $852 million

1931 bank fails

2,294 with $1.7 billion

Who is the star of it’s a Wonderful life?

George Bailey played by Jimmy Stewart

During Hoover’s presidency, ______ banks failed

1 out of 5

What was the largest commercial bank failure in American histroy?

Bank of United States in NY on Dec 11, 1930

The Bank of US collapse left _______ without their _______ savings

400,000, $286 million

When was the Young Plan created?

1929

What countries veered into recession after the US stopped giving credit?

Poland, Germany, Brazil, Argentia, and Canada

When did Hoover’s plan to freeze debt payments for a year pass?

Summer 1931

What was US foreign investment in 1928?

$1.25 billion

What was US foreign investment in 1929?

$628 million

What was US foreign investment in 1930-33?

$360 million

When did Britain abandon the gold standard?

Fall 1931

After the UK’s dropout, what nations remained on the gold standard?

US, France, Beligum, Italy, Holland, and Switzerland

When was the Smoot-Hawley Tariff passed?

June 1930

Us imports dropped ______ in the years after the Smoot Hawley tariff

40%

By 1932, agricultural revenues fell to _____ of 1929 levels

48%

When did the drought that caused the Dust Bowl occur?

1930

When did Steinback write The Grapes of Wrath?

1939

The national debt rose by ______ froom 1930-32

$3.3 billion

How much money did Hoover spend in fed funds to slow the Depression?

$434 million

What did FDR do in 1931 to help suffering families?

Gave 4@0 million to 300,000 families

When was the Reconstruction Finance Corporation created?

Jan 1932