Question

what did you learn about the great depression? (in bullet points)

Answer 1

Answer:

• The stock market lost almost 90% of its value between 1929 and 1933.

• Around 11,000 banks failed during the Great Depression, leaving many with no savings.

• In 1929, unemployment was around 3%. In 1933, it was 25%, with 1 out of every 4 people out of work.

• The average family income dropped by 40% during the Great Depression.

• The New Deal created around 100 new government offices and 40 new agencies.

• The worst years of the Great Depression were 1932 and 1933.

• Around 300,000 companies went out of business.

• Hundreds of thousands of families could not pay their mortgages and were evicted from their homes.

• Millions of people migrated away from the Dust Bowl region in the Midwest. Around 200,000 migrants moved to California.

Explanation: