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%
    • Geographical impact
      • Agricultural South and traditional industrial parts of the North hit the hardest

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