USA KQ3 Wall Street Crash

When did the Wall Street Crash happen and what day was it known as?

Thursday 24th October - Black Thursday

How many shares were sold on Black Thursday

13 million

how many shares were sold on Tuesday 29th October

16 million

How much did shareholders lose on Tuesday 29th

8 million

How many members were there in 1929 compared to 1920

1920 - 4 million

1929 - 20 million

How many people were speculators

600,000

How much did banks loan in 1929?

9 billion

What happened in June 1929 which worried experts

Industrial Output fell for the first time in 4 years

How much of his wealth did Rockefeller lose

80%

How many banks failed in 1929

659

How much was withdrawn from banks nationwide

1 billion

How many banks went bankrupt in 1930 then 1931

1930 - 1352

1931 - 2294

What is buying on the margin

Putting down 10% of money needed for a share and borrowing the rest

What was Speculating

Borrowing money to buy some shares for a short period of time and when the price rose they would sell immediately to pay of loan and make a profit

How many were unemployed by 1933

14 million - 25% of American Workforce, 50% of African Americans

How much did Car production decrease by?

80%

How much did Road Construction decrease by?

92%

What were shanty towns nicknamed?

Hoovervilles

How many people went on trains around the US looking for jobs

2 million

How many War Veterans were at the Bonus Marches

15,000

When was the Bonus Marches

July 1932

Who was employed to deal with them

General Douglas MacArthur

How many babies died

Two

What did Hoover believe in?

Laissez-Faire

Self-Help

Rugged-Individualism

What did Hoover insist to the Public?

Prosperity was right around the corner

How many major speeches did FDR make?

16

How many speeches did FDR make from the back of a Train

60

By how many votes did FDR win by?

7 million

How many states did Hoover win?

6 states