The effects of the great depression

• What significant event occurred on October 24, 1929, known as Black Thursday?

  The price of stocks and shares in America crashed.
• Why did the stock market crash in 1929?

  People were overly confident in the economic boom and borrowed more than they could pay back.
• What was the relationship between factory production and worker wages leading up to the crash?

  Factories produced too many goods, but poorly paid workers could not afford to buy them.
• What was the consequence of factories laying off workers?

  It created a vicious circle where even fewer people could afford products.
• How much money was wiped off the stock market on October 24, 1929?

  $14 billion.
• By the end of 1929, how much money had been wiped off the stock market?

  Over $25 billion.
• What were some immediate effects of the Wall Street crash on businesses and jobs?

  Businesses collapsed, investments were lost, banks closed down, and jobs disappeared overnight.
• What was the period before the crash known for in the USA?

  The 1920s was a period of international recovery and economic growth.
• What happened to people's savings as a result of the Great Depression?

  Millions of people lost their jobs and savings overnight.
• How many people lost their savings when the Bank of New York crashed in 1930?

  400,000 people.
• What political changes occurred as a consequence of the Great Depression?

  Countries became inward looking and defensive, while extremist parties gained popularity.
• How did the Great Depression affect international relations?

  Countries focused on internal problems rather than international cooperation.
• What were some social consequences of the Great Depression?

  Increased unemployment, homelessness, violence, and social unrest occurred.
• By 1933, how many Americans were unemployed due to the Great Depression?


  15 million Americans.
• What was the impact of the Great Depression on global economies?

  It caused a global depression as America called in loans from many countries.
• How did the Great Depression influence voting behavior in various countries?

  People turned to voting for extreme politics and were less likely to pursue collective security.
• What were the main consequences of the Great Depression in the USA?

  • Millions lost jobs and savings
  • Rich businessmen reduced to begging
  • Increased reliance on charity
  • Political and social unrest
• What were the economic consequences of the Great Depression on foreign businesses?

  • Decrease in trade and taxes for countries
  • Reduced confidence in the economy
  • Governments increased tariffs on foreign goods
• What were the political consequences of the Great Depression in Europe?

  • USA, Britain, and France became defensive
  • Germany, Italy, and Japan became aggressive
  • Rise of extremist parties like the Nazis