THE GREAT DEPRESSION 1929 1940
THE DUST BOWL
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Detailed explanation-1: -The resulting agricultural depression contributed to the Great Depression’s bank closures, business losses, increased unemployment, and other physical and emotional hardships.
Detailed explanation-2: -What circumstances conspired to cause the Dust Bowl? Economic depression coupled with extended drought, unusually high temperatures, poor agricultural practices and the resulting wind erosion all contributed to making the Dust Bowl. The seeds of the Dust Bowl may have been sowed during the early 1920s.
Detailed explanation-3: -The Dust Bowl intensified the crushing economic impacts of the Great Depression and drove many farming families on a desperate migration in search of work and better living conditions.
Detailed explanation-4: -Real GDP fell 29% from 1929 to 1933. The unemployment rate reached a peak of 25% in 1933. Consumer prices fell 25%; wholesale prices plummeted 32%. Some 7, 000 banks, nearly a third of the banking system, failed between 1930 and 1933.