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What did you learn about the great depression? (in bullet points)

User Samzmann
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Answer:

  • The stock market lost almost 90% of its value between 1929 and 1933.
  • Around 11,000 banks failed during the Great Depression, leaving many with no savings.
  • In 1929, unemployment was around 3%. In 1933, it was 25%, with 1 out of every 4 people out of work.
  • The average family income dropped by 40% during the Great Depression.
  • The New Deal created around 100 new government offices and 40 new agencies.
  • The worst years of the Great Depression were 1932 and 1933.
  • Around 300,000 companies went out of business.
  • Hundreds of thousands of families could not pay their mortgages and were evicted from their homes.
  • Millions of people migrated away from the Dust Bowl region in the Midwest. Around 200,000 migrants moved to California.

Step-by-step explanation:

User Paul Hazen
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