What Are Three Facts About The Great Depression? 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%. … The average family income dropped by 40% during the Great Depression. What are 10
What Were The 8 Causes Of The Great Depression? Irrational optimism and overconfidence in the 1920s. 1929 Stock Market Crash. Bank Closures and weaknesses in the banking system. Overproduction of consumer goods. Fall in demand and the purchase of consumer goods. Bankruptcies and High levels of debt. Lack of credit. What were the causes of
How Did The Great Depression Affect Unemployment? During the Great Depression, US unemployment rate rose from virtually 0% in 1929 to a peak of 25.6% in May 1933. This was the equivalent of 15 million people unemployed. The unemployment caused serious economic hardship as welfare support for the unemployed was very limited. … How did