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Did You Know?
- About 15 million Americans were jobless and almost half the United States' banks had failed by 1933.
- Even those in the United States who kept their jobs watched their incomes shrink by a third.
- Americans did not imagine that The Great Depression would happen after the market crashed since 90% of American households owned no stocks in 1929.
Learn more:Did You Know?
- About 15 million Americans were jobless and almost half the United States' banks had failed by 1933.
- Even those in the United States who kept their jobs watched their incomes shrink by a third.
- Americans did not imagine that The Great Depression would happen after the market crashed since 90% of American households owned no stocks in 1929.
www.britannica.com/facts/Great-DepressionGauging the Economic Impact
- 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.
www.stlouisfed.org/the-great-depression/curriculu…See more
The Great Depression in the United States - Statistics & Facts
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The Great Depression began in the United States of America and quickly spread worldwide. It had severe effects in countries both rich and poor. Personal income, consumption, industrial output, tax revenue, profits and prices dropped, while international trade plunged by more than 50%. Unemployment in the U.S. rose to 25%, and in some countries rose as high as 33%.
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