523849
Description
Flashcards by Emily Tisch, updated more than 1 year ago
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Created by Emily Tisch
about 10 years ago
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| Question | Answer |
| What happened when people tried to take their money out the bank? | Many banks ran out of cash to dispense. |
| What happened to employment levels? | Plummeted, many workers lost jobs. |
| What happened to the middle class? | Lost their savings. |
| WHY were people fired? | Banks pull investments and loans out of businesses meaning companies don't have money to pay workers |
| How many people were unemployed in 1932? | 30% of the population. |
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