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What happened to the Gross National Product between 1929 and 1933?

Specifically, this varies by country, but in general, 1929-1933 was a period of economic collapse where the world levels of GNP fell between 10-70% in most places in the world. The collapse was worst for regions dependent on staple production and trade or who depended on investment from the U.S.


What were the consequences of the wall street crash?

The Wall Street Crash crashed in October 1929, the world's economy plunged into the Great Depression, and the causes of the Depression were:Ø Too many goods were being produced, but less people to buy themØ Farmers produced to many goods, so prices went steadily lower of the goodsØ There were too many small banks - these banks did not have enough funds to cope with the sudden rush to take out savings, which happened in the autumn of 1929.Ø Too much speculation on the stock market - the middle class had a lot to lose and they had spent a lot on what amounted to pieces of paper.Ø Also Many more……The effects of the depression were:Unemployment - 13 million people were out of work.Industrial production dropped by 45 per cent between 1929 and 1932.House-building fell by 80 per cent between 1929 and 1932.The entire American banking system reached the brink of collapse.From 1929 to 1932, 5,000 banks went out of business.


What happened to the unemployment rate after the stock market crash in 1929?

After the stock market crash in 1929, the unemployment rate in the United States significantly increased.


What stage of business cycle would be most appropriate to describe the years from 1929 to 1933?

contraction


What economic disaster happened in the 1920's?

The stock market crashed in 1929 which was a cause of the Great Depression.

Related Questions

What events happened between 1929-1968?

slavery


What major events happened between 1929 1968?

slavery


What happened to industrial production from 1929 to 1932?

In the United States the years from 1929 to 1932 were the beginning years of the Great Depression. During those years, some say the depression was at its worst. Industrial production plummeted in that period of time.


What happened to the salary of an average worker between 1900 to 1929 in the United States?

it tripled


What actors and actresses appeared in It Happened to Him - 1929?

The cast of It Happened to Him - 1929 includes: James Barton


What happened on March 29 1929?

The Great Depression happened when the stock market crashed on March 29, 1929.----


What happened to the Gross National Product between 1929 and 1933?

Specifically, this varies by country, but in general, 1929-1933 was a period of economic collapse where the world levels of GNP fell between 10-70% in most places in the world. The collapse was worst for regions dependent on staple production and trade or who depended on investment from the U.S.


What actors and actresses appeared in Private Business - 1929?

The cast of Private Business - 1929 includes: Syd Saylor as George


What are the ratings and certificates for Big Business - 1929?

Big Business - 1929 is rated/received certificates of: Finland:S (1982) Germany:o.Al. UK:U


What are the release dates for Big Business - 1929?

Big Business - 1929 was released on: USA: 20 April 1929 Norway: 1934 Finland: 3 December 1982 (re-release)


What happened in 1929 and what is the effect?

In 1929 the stock marketbegan to Crash which lead to the great Depresion.


How did the umemployment rate change between 1929 and 1933?

The unemployment rate increased significantly between 1929 and 1933 due to the Great Depression. In 1929, the unemployment rate was around 3.2%, but by 1933 it had soared to approximately 25%. This spike was driven by widespread business failures, bank closures, and a severe economic downturn.