America 1930s Flashcards

1
Q

1932 Presidential Election : Rooselvelt’s promises

A

1) New Deal
2) Solve the banking crisis
3) Control surpluses
4) increase employment

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2
Q

1932 election : Hoovers promises

A
  • Tariffs continue
  • Stopping immigration
  • Pay Bonus army
  • Repeal prohibition
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3
Q

Roosevelt’s 100 days

A

Closed nations banks to be reviewed by gov officials
Put people on gov payroll
Built and developed infrastructure
Fireside chats
Brains trust

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4
Q

1934 dock workers strike

A

Dock workers went on strike and closed the ports.
Nothing opened
More than 1800 strikes for union recognition
Strikers murdered
Economic recovery stalled

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5
Q

Huey Long

A

Radical politician
Wanted to help the poor in return for absolute power
Promised to give to the poor what they took from the rich
Assassinated in 1935 Sep

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6
Q

Tennessee Valley Authority (R)

A

Worked in 7 states
Built dams, ended floods redirected electricity and guided families out of poverty

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7
Q

Reconstruction Finance Company (RFC) (H)

A

Helped banks, stopped them going bankrupt

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8
Q

Effects of Great Depression

A
  • Drought at the same time Many farms reduced to dust (25,000 miles of farmland) - bowls = no food
  • 1931 - 238 people admitted to hospital due to starvation
  • 23,000 committed suicide in 1932
  • Bonus Army marched in Washington as they weren’t payed their pensions on time however they were treated with violence and ignored by the govt.
  • 16 million people (25% of American workforce) were unemployed by 1933
  • 100,000 Americans fled to the Soviet Union for work and communist party gained popularity
  • 1932 election = Roosevelt the New York governor (Democrat) won by the greatest electoral landslide (42/48) states
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9
Q

Hoovers Successes when dealing with the depression

A
  • Built Hoover Dam ($4000) = jobs for the unemployed and persuaded business owners not to cut wages
  • 1932 Emegency Relief Act = $300 million to the unemployed
  • Raised tariffs to protect American industries
  • Introduced tax cuts in 1930 and 1931 - $160 million
  • Reconstruction Finance Company = helped banks and stopped them going bankrupt
  • Helped farmers by buying surplus food
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10
Q

Hoovers Unsuccessful attempts at dealing with the Depression

A
  • Criticised for not paying the Bonus Army
  • Tariffs damaged international trade
  • Left his actions too late due to Laissez Faire attitude
  • Thought that the poor should be helped by the charities : it wasn’t the responsibility of the government and many cities and states left bankrupt as they had to fund their own voluntary orgs
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11
Q

Emergency Banking Act

A
  • March 1933
  • All banks closed and had to remain closed until the banks had checked them over
  • 5000 banks were reopened under govt guidance
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12
Q

Fireside Chats

A
  • FDR used the radio to communicate to the public about what he was doing and reassure them during the New Deal
  • About 60 million tuned in every Sunday
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13
Q

Executive Power

A
  • Something FDR was given by Congress to allow him to introduce measures more quickly
  • However it also labelled him as a dictator
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14
Q

FDR’s - ‘Relief, Recover, Reform’

A

Relief - relieving extreme poverty, feeding the starving and providing shelter for the homeless

Recovery - reviving the economy by getting industry going and people working

Reform - increasing the responsibilities of govt. by helping those in need in society such as the sick, disabled and old

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15
Q

CCC - Civilian Conservation Corps

A
  • Aimed at unemployed young men - worked on environmental projects and national parks for 6 months.
  • Money went to the men’s families - 2.5 million men were helped
  • It was successful but people such as women and Black men were excluded
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16
Q

PWA - Public Works Administration

A
  • Used govt money to build schools, roads, dams, bridges and airports = vital once the US recovered
  • Short term benefits = created millions of jobs
17
Q

HOLC - Home Owners Loan Corporation

A
  • Took over mortgages of many middle - income Americans who struggled to pay their mortgages so that the banks wouldn’t repostes their homes
  • Rescued around 20% of American homeowners
  • > 80% repaid the HOLC mortgage
18
Q

Success of the New Deal

A
  • Provides millions of jobs
  • Stabilises the banks = less money lost
  • Restored faith in the American government
  • Projects like TVA brought work and improved the standard of life in deprived parts of USA, schools, roads and power station
  • Indian Reorganisation Act 1934 : provided money to help native Americans buy and improve land
19
Q

Failures of the New Deal

A
  • Didn’t benefit women e.g. CCC
  • Still 6 million unemployed in 1941only fully ended when USA entered WW2
  • Failed to solve the underlying economic issues
  • Divided the USA : Roosevelt and friends were seen as Communist and undermining American values
20
Q

WW2 - Lend Lease (How it helped the depression)

A

USA loaned war materials (arms, food, medicine) to allies - USSR, China, France Britain and other nations against Japan and Germany
- 50.1 billion dollars worth of equipment was shipped
- Majority of contracts for materials were placed in US firms = boosted economy

21
Q

WW2 - Wartime production : Willing Industrialists

A

Industrialists on his side = FDR could effectively raise taxes and spend money in order to win the war

22
Q

WW2 - Extra Workers (How ir helped the Depression)

A
  • 14 million worked in factories
  • General Motors took extra 0.75 million workers during the war
  • approx 4 million workers migrated from south to north or Pacific Coast (significantly African Americans)
  • Nearly 0.75 million African Americans worked in war industry
23
Q

WW2 - Women

A

Before war : 12 million working women
During war : 300,000 women joined armed forces
Another 7 million joined the workforce

24
Q

Opposition to New Deal

A

Supreme Court - Majority Republicans : against FDR and his ideas for the economy - said they were unconstitutional
Roosevelt threatened to create 6 judges to outvote the Republicans to get his laws approved

Republicans - complained the New Deal was doing too much
And believed the govt shouldn’t intervene with businesses and they viewed him as a dictator due to his Executive Power

Radical Politicians - Huey Long : wanted to limit personal wealth to max $3 million called ‘share our wealth
Because govt. taxes weren’t shared among all Americans

25
Q

Before the Wall Street Crash 1929

A
  • People wanted to buy shares in big companies as it cost good money and if the share prices went up they could sell them to gain profit
  • WASPs could do this as they benefitted from the economic boom
  • Companies = selling popular products = successful - more disposable income = higher demand for consumer goods
26
Q

Why share prices went down in 1929 resulting in Wall Street Crash

A
  • Products became less popular as sales continued as no competition = no development or added features = people stopped buying them
    TMT
  • Over production - too many products not enough demand = prices of goods went down
  • Tariffs were very high due to isolationist ideology = peoples couldn’t afford to pay for goods
  • Only WASPs could buy shares
  • Organised Crime and the black market were profiting instead of genuine companies
27
Q

Wall Street Crash events:

A

When prices of shares went down, investors panicked = started selling their shares out of fear that the prices would go down further and as they did so the stock market collapsed

  • THU 24th OCT (Black Thursday) : 13 million shares were sold
  • MON 28th OCT : 9 million shares sold at falling prices
  • TUES 29th OCT : panicked investors sold 16 million shares for whatever price they could go for

Shareholders lost $8 million

28
Q

Immediate effects of Wall Street Crash

A
  • Shareholders/investors lost a lot of money
  • America entered a cycle of depression
  • Companies closed : 1929 - 1933 = 100,000 businesses shut down
  • Banks suffered : many invested customers money in shares = people lost their confidence in banks = 700 banks collapsed
  • WORLD WIDE DEPRESSION
29
Q

Alphabet Agencies

A

Organisations set up by FDR to improve the American economy name the everyday lives of the American people