Share holders and businesses lost millions of dollars, industrial prodctution dropped by 45% and 5000 banks went out of business
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How many people were unemployed in 1932?
13 million people
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What where the four main reasons for the crash?
Overproduction, unequal distribtution of wealth, high import tariffs on American goods and too much specualtion on the stock market.
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What did America do which created a world financial crisis?
America recalled its loans for Eurpoean countries, which they had used as a result of the war. This had a devasting impact, casuing a world financail crisis.
5 of 5
Other cards in this set
Card 2
Front
What happened as a result of the econoic crash?
Back
Share holders and businesses lost millions of dollars, industrial prodctution dropped by 45% and 5000 banks went out of business
Card 3
Front
How many people were unemployed in 1932?
Back
Card 4
Front
What where the four main reasons for the crash?
Back
Card 5
Front
What did America do which created a world financial crisis?
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