The Wall Street Crash - Consequences

HideShow resource information
  • 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


  • Prices of goods


No comments have yet been made

Similar History resources:

See all History resources »See all The Wall Street Crash resources »