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USA in depression 1929-33


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$2000
50% of Americans were earning less than this a year, the minimum to survive in 1929
600,000
Number of speculators on the stock market by 1929
$9bn
Amount borrowed for speculation in 1929
Black Thursday
Thursday 24th October 1929: 13 million shares were sold in a panic an prices crashed
Black Tuesday
29 October 1929: 16 million more shares were sold an the market slumped
$250m
Amount of shares bought by the banks to try and prevent the market crash was equivalent to this amount of money
5000
Number of banks that were bankrupt between 1929-1932
Smoot-Hawley
Name of a tariff passed in 1930 which led to 60 countries passing retaliatory tariffs and damaging the US industry, especially agriculture
$10bn
International trade in 1929
$3bn
International trade in 1932
250,000
Number of Americans who had their homes repossessed in 1932
20,000
Number of companies who went out of business in 1933
25%
Percentage of Americans who were unemployed in 1933
40%
Fall in industrial production by 1933
60%
Fall in wages by 1933
23,000
Number of people who committed suicide in 1932
Aims of the PWA
To give skilled workers more permanent work and to get the economy going again by starting building works
$300m
Amount of money Hoover provided in the Emergency Relief Act of 1932 to give the unemployed money
St Louis
City which had the largest Hooverville
$130m
Amount that Hoover cut taxes by