America 1930s Flashcards
name 4 key consequences of the crash
banking crisis
industrial decline
unemployment
homelessness
in what year did hundreds of banks collapse?
hundreds of banks collapsed in 1929
give two social impacts of the banking crisis
people lost confidence in banks so they withdrew their savings
millions of people lost saving they’d invested
how many banks, including which major bank, had collapsed by 1932?
5,000 banks had collapsed by 1932 including the Bank of the United States
what proportion of new yorkers were invested in the bank of the US?
1/3 of new yorkers
how many cars were sold in 1929 compared to 1932?
4.5 million in 1929
1 million in 1932
why did industry decline? include three major points
people lost money so had less to spend
this meant companies didn’t get money from consumers
they produced less
why did many people become unemployed?
companies were losing money and couldn’t borrow from banks so they couldn’t afford to pay workers and so they had to let people go/reduce wages
how many americans were unemployed during the depression?
14 million americans - 25% of the adult population
what percent did wages fall by?
60%
what was set up for the homeless and unemployed?
soup kitchens
in 1932, how many americans had their homes repossessed?
250,000
where did homeless people stay? what were they called and what did thy cover themselves with?
hoovervilles - shanty towns in public parks with shacks made with scrap material.
hooverblankets - newspaper sheets used as blankets
give three reasons why farmers struggled in the 1930s
over farming
drought
dust bowl
what proportion of farmers lost their land?
1/5
what were the nicknames given to oklahoma and arkansas farmers and where did they go to find work?
okies and arkies went to california to find labour doing fruit picking
name 3 things hoover did that gave him the name ‘do nothing president’.
- only pleaded with employers not to sack workers
- didn’t believe the government should pay unemployment money
- most of his programmes weren’t big enough to make a difference
what did hoover introduce and how did it affect tariffs? how did other countries react?
Hawley Smoot Tariff - raised tariffs on imported goods - meant other countries raised their own tariffs making it hard for USA to export and sell good abroad.
in 1932, how many bonus marchers arrived at washington dc? what did they demand?
25,000 WW1 vets demanded their bonus of $500
give 3 ways hoover reacted to the bonus marchers
refused to see them
ordered an army to attack them
he claimed they were communists or criminals and the public were outraged
list four reasons why hoover was a do good president
- cut taxes by $160 million
- asked congress to give him $423 million for public works programmes
- set up the Reconstruction Finance Comission to give loans to troubled businesses
- he encouraged states and cities to set up public works programmes for unemployed
give five reasons why roosevelt won the 1932 election
- previously worked for new york and used taxes to create work
- was a democrat - believed in an active government
- promised great things eg new deal
- ran an energetic campaign - went on a grand train tour, 16 major speeches
- sought advice from factory owners and economists
how many votes did roosevelt get in the 1932 election?
7 million - landslide win
when we’re roosevelt’s hundred days/first new deal?
march-june 1933 my bday to lottie’s bday
name 8 alphabet agencies roosevelt set up during the first new deal
- emergency baking act
- securities exchange commission
- agricultural adjustment act AAA
- civilian conservation corps CCC
- federal emergency relief administration FERA
- national recovery administration NRA
- public works administration PWA
- tennessee valley authority TVA