Effects of people’s lives(Great Depression)

• How did the Great Depression begin in the USA?

  It began with the Wall Street Crash in 1929, following a prosperous economy in the 1920s.
• How many banks failed in the USA by 1929?

  659 banks failed by 1929.
• What was the impact of bank failures on people's behavior during the Great Depression?

  People withdrew their savings due to fear of losing money.
• How many banks collapsed in 1931?

  2,294 banks collapsed in 1931.
• Who did some people blame for the problems during the Great Depression?

  Some people blamed big businesses and banks for the problems.
• By what percentage did stock prices drop during the Great Depression?

  Stock prices dropped by 50 percent.
• What was the unemployment rate during the Great Depression?

  25 percent of the real workforce was unemployed.
• How many jobs were lost in Pennsylvania in March 1932?

  Nearly 14,000 jobs were lost in Pennsylvania in March 1932.
• What was the overall effect of the Great Depression on people's lives?

  There was great hardship, and people's quality of life deteriorated.
• What did some people resort to during the Great Depression for survival?

  Some people resorted to sitting on park benches.
• How did the Hawley-Smoot Act affect farmers during the Great Depression?

  The Hawley-Smoot Act decreased farmers' income and compounded their problems.
• What happened to farmers' faith during the Great Depression?

  Farmers lost faith in the economy.
• What was a significant environmental issue faced by farmers from 1930 onwards?

  Farmers faced severe droughts that affected their crops.
• What natural disaster affected farmers in the Tennessee Valley during the Great Depression?

  Floods washed away their crops and land.