THE GREAT DEPRESSION 1929 1940
THE GREAT DEPRESSION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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who were college educated generally weathered the crisis fairly well
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were limited by law to low-paying jobs such as salesclerks and food servers
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were generally able, unlike African Americans, to keep from losing their jobs to white Americans
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had trouble competing for jobs with poor white migrants from the Midwest
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found it easier to move into mainstream professions
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Detailed explanation-1: -Stories of massive unemployment, housing evictions, lost savings, starvations, and in some cases suicide, were reported throughout Asian-American communities in the United States.
Detailed explanation-2: -Along with the job crisis and food shortages that affected all U.S. workers, Mexicans and Mexican Americans had to face an additional threat: deportation. As unemployment swept the U.S., hostility to immigrant workers grew, and the government began a program of repatriating immigrants to Mexico.
Detailed explanation-3: -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.
Detailed explanation-4: -At the height of the Depression in 1933, 24.9% of the nation’s total work force, 12, 830, 000 people, were unemployed. Wage income for workers who were lucky enough to have kept their jobs fell 42.5% between 1929 and 1933. It was the worst economic disaster in American history.