SPREAD OF THE DEPRESSION 1929-1932
- Created by: allybongo
- Created on: 29-05-19 15:57
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- The Spread of the Depression
- Unemployment
- 3% in 1929 and 25% in 1933
- Wasn't spread evenly- industries such as cigarette and light bulbs remained immune
- Collapse of GDP
- 100 billion in 1929 and 60 billion in 1932
- Problems with credit and banking
- 10,000 banks failed between 1929 and 1932
- Credit was rarely available
- Business innovation
- air conditioning
- airline travel
- supermarkets
- Older industries
- Between 1929-32
- Coal industry workforce loses 300.000
- Steel and Iron production fell by 59%
- Between 1929-32
- Geographical impact
- Agricultural South and traditional industrial parts of the North hit the hardest
- Unemployment
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