The Wall Street Crash - Consequences

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  • Created by: Fiona S
  • Created on: 08-06-15 23:14

Banks go out of business

  • October 1929-30 - 700 banks closed
  • By June 1932 - 5000 had gone bust
  • Over $3 Billion of deposits were lost

National Insurance (GNP) falls

  • National income in the US fell by almost $10 million in the first year after the crash
  • Within 5 years, this has fallen by almost half

Unemployment

  • Prices of goods

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