TheThe GreatGreat DepressionDepression1929–19391929–1939

Overview

Period from the end of 1929 until the onset of World War II, during which economic activity slowed tremendously and unemployment was very high.

Overview

The Great Depression started with the 1929 Wall Street stock market crash. It had devastating effects on all sectors of the economy for over a decade.

Wages for workers who were lucky enough to have jobs fell drastically.

Effects

Businesses FailedBusinesses Failed

Effects

Financial Institutions ClosedFinancial Institutions Closed

Effects

Factories Shut DownFactories Shut Down

Effects

Farm Prices Fell DrasticallyFarm Prices Fell Drastically

Effects

Many People Became HomelessMany People Became Homeless

Effects

People Went HungryPeople Went Hungry

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Test Your Test Your KnowledgeKnowledge

Question 1

In 1930, 5 million people were unemployed.

By 1932, how many people wereunemployed?

7Million

10Million

13Million

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YES

Question 2

How much higher was African-American unemployment compared to white unemployment?

10–20% Higher

60–70%Higher

30–50%Higher

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YES

Question 3

Besides African-Americans, which group suffered the most during the depression?

Women WhitesFarmers

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Question 4

Presently, accountants earn about $750 per week. How much did they earn during the depression?

$45 per week

$95per week

$65per week

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Question 5

Presently, the average cost of a woman’s winter coat is about $150. How much did it cost during the depression?

$5 $17 $28

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YES

EndEnd

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