What are 3 facts about the Great Depression?
Interesting Facts About the Great Depression
- The stock market lost almost 90% of its value between 1929 and 1933.
- Around 11,000 banks failed during the Great Depression, leaving many with no savings.
- In 1929, unemployment was around 3%.
- The average family income dropped by 40% during the Great Depression.
What was Coke originally made for?
Originally marketed as a temperance drink and intended as a patent medicine, it was invented in the late 19th century by John Stith Pemberton and was bought out by businessman Asa Griggs Candler, whose marketing tactics led Coca-Cola to its dominance of the world soft-drink market throughout the 20th century.
What triggered 1929 crash?
By then, production had already declined and unemployment had risen, leaving stocks in great excess of their real value. Among the other causes of the stock market crash of 1929 were low wages, the proliferation of debt, a struggling agricultural sector and an excess of large bank loans that could not be liquidated.
Who knows the Coke secret formula?
The question of who knows the secret formula is so popular that Coca-Cola includes it as a frequently asked question on its website. The answer? “Only a few people” – not two people – “in the world.”
When was Coca Cola invented?
January 29, 1892, Atlanta, Georgia, United States
How did Coca Cola survive the Great Depression?
Coca-Cola was earning north of $per annum by the end of the Depression in circa 1937. Anyway, its dividend distribution had ample profit cover throughout the Depression years. Quick math shows that the company paid out an average of 62% of its net profit between 1929 and 1933.
What was a major result of the Great Depression?
The Great Depression of 1929 devastated the U.S. economy. A third of all banks failed. 1 Unemployment rose to 25%, and homelessness increased. 2 Housing prices plummeted 67%, international trade collapsed by 65%, and deflation soared above 10%.