GCSE WJEC Eduqas History – USA | 100% Correct Answers | Verified | Latest 2024 Version

Describe the Wall Streets Crash. - 19th October 1929-3.5 million shares bought and sold and prices began to fall quickly. Thursday 24th October 1929-"Black Thursday",13 million shares traded and prices collapsed. Investors lost millions of dollars. Describe the impact of the Wall Street Crash on unemployment. - End of 1929- 2.5 million people unemployed. End of 1930-5 million people unemployed. End of 1931-9 million people unemployed. End of 1932-13.5 million people unemployed. Describe the impact of the Wall Street Crash on depression in the cities. - Factories began to close down. People stopped spending. Almost one third of the workforce was unemployed. People lost their homes. Some moved into Hoovervilles, some slept on the streets and others travelled the country as Hobos. Black workers were the first to be sacked. Black unemployment was at 50% by 1933. White unemployment was at 20% by 1933. Describe the impact of the Wall Street Crash on depression in the countryside. - Farmers went bankrupt as they couldn't sell their produce. Drought in 1931 reduced prices and deceased output.Oklahoma,Colorado,New Mexico and Kansas hit worst by the drought- Know as the "Dust Bowl" 20 million hectares of land. 1 million people went to west coast for fruit-growing jobs. From Oklahoma-"Okies" From Arkansas-"Arkies" Describe the impact of the Wall Street Crash on family life. - Marriage rate fell from 1.23 million in 1929 to 982,00 in 1932. Suicide rates rose from 12.6 per 1,000 in 1926 to 17.4 per 1,000 people. Schools closed for 10 months of the year as there was not enough money to pay teachers. 1932-Estimated 25% of the country recieving no income. Relied on charities such as the Red Cross. Describe Hoovervilles. - Slums on the outside of towns and