3. Easter quiz impact of the depression Flashcards
Which group of people lost the most money overall?
Rich investors lost the most money overall.
Which group lost everything straight away?
Small investors and ordinary Americans often lost everything immediately.
What was the name of the shanty towns that sprang up across America?
Hoovervilles
Which family lost 80% of their wealth?
The Roosevelt
What followed as a direct result of the Wall Street Crash (WSC)?
A worldwide economic depression
How much did farming production fall between 1928–1933?
40%
How many banks had closed by 1933?
Around 5,000 banks
How much did average wages fall between 1928–1933?
By around 60%
What was the largest bank to fail?
Bank of the United States
How many people in New York died of malnutrition during 1931?
110 people
How many people were unemployed by 1933?
About 13 million people
What group of society did most migrant families come from?
Farming families, especially from the Dust Bowl region
Which party was Roosevelt the candidate for?
The Democratic Party
What personal tragedy befell Roosevelt?
He was paralysed by polio, losing the use of his legs.
Give 2 examples of how Hoover tried to help with the Depression.
- Reconstruction Finance Corporation (to support banks and businesses)
- Public works projects, like the Hoover Dam, to create jobs
Give 2 reasons why Hoover was seen as a ‘do-nothing president’.
- He refused to give direct aid to individuals.
- He believed in ‘rugged individualism’, expecting people to help themselves.
What happened to the Bonus Army?
They were forcibly removed by the army, which used tear gas and tanks, causing public outrage.
Name 3 things that FDR promised the people in his election campaign.
- A ‘New Deal’ for the American people
- Government action to create jobs
- Help for the poor and unemployed
Describe what FDR did on his election campaign tour.
He travelled around the country, making speeches, listening to ordinary people, and showing he cared and would take action.
Who won the 1932 election?
Franklin D. Roosevelt (FDR)
