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History

The Wall Street Crash and Depression

Effects of the Depression

  1. Unemployment - 13 million people were out of work.
  2. Industrial production dropped by 45 per cent between 1929 and 1932.
  3. House-building fell by 80 per cent between 1929 and 1932.
  4. The entire American banking system reached the brink of collapse.
  5. From 1929 to 1932, 5,000 banks went out of business.
  6. Although many people went hungry, the number of recorded deaths from starvation during the Depression was 110, although many other illnesses and deaths were probably related to a lack of nutrition.

Back to USA 1919 - 1941 index

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