The Great Depression Questions

1. Why is Tuesday, October 29, 1929, considered the day the Great Depression began?


share prices on the NYSE plummeted and 16.4 million shared got traded that day. it was basically the warning sign of everything that was about to go wrong.


 2. What happened to the value of stocks between 1929 and 1933?


most of the stocks lost about 80% of their original value.


3. What happened to banks between 1929 and 1933?


Just about half of them went bankrupt.


4. How were people’s jobs affected during the Great Depression?


At the time nobody could find work. or atleast 1 in 4 couldnt. this doesnt sound that bad out of 16 of your friends that means that 4 of them wouldnt have a job, and would be struggling to keep what they had.


5. What economic cycle follows a depression?


Recovery


0 comments to "The Great Depression Questions"

Post a Comment