Background Flashcards

1
Q

what happened in the 20s

A

1920s: economic boom (mass production > more jobs; greater

investment; higher bank deposits; more banks)

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2
Q

What did the 20s cause

A

Credit boom: more loans; businesses borrowed to expand

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3
Q

What did stock markets do

A

Stock market seen as a solid investment: banks could buy stocks
for themselves; banks lent money to investors to buy stocks;
prices continue to rise; ‘buying on the margin’ meant paying for
a proportion, borrowing the rest; repayments made from profits
when sold IF at a profit so selling necessary to repay the loans

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4
Q

What happened in the late 20s

A

Fall in purchase of products> disappointing profits and falling
share prices

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5
Q

What happened to the stocks

A

share prices
• Loans on margins called in; people unable to pay; stocks
plummeted becoming worthless

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6
Q

Why did the bank collapse

A

Massive run on banks to pull money out- seen as risky; some
banks unable to satisfy calls for money; lending grinds to a halt;
people lose money; banks collapse

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7
Q

What did Roosevelt say in 1933

A

• Franklin D Roosevelt (1933-45): “Let me assert my
firm belief that the only thing we have to fear is fear
itself “

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8
Q

What did Rosevelt end

A

• Ended prohibition

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9
Q

What was the new deal rosevelt made

A

New Deal economic regeneration programme

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10
Q

What did the new deal rosevelt made entail

A

Tennessee Valley Authority Act: built dams along
the Tennessee river to control flooding and
generate hydroelectric power
•Commodity farmers paid to leave fields fallow to
reduce surpluses in corn, wheat, dairy, tobacco…
and boost prices

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11
Q

What was the National Industrial recovery act

A

• National Industrial Recovery Act: Workers’ rights to
unionise and seek higher wages and better working
conditions

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12
Q

What did new technology cause

A
more production and ability to
supply, but not an equal
demand so prices fell and
farmer income drops
•
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13
Q

What did drought cause

A
great Dust
Bowls: topsoil scattered by
wind; sand and grit exposed;
dust travelled for hundreds of
miles
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14
Q

What was the american dream

A

Westward movement historically
associated with success, adventure,
pioneering spirit, frontier making; values
pertinent to the American Dream

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15
Q

What was California seen as

A

Gold rushes

• Land of ‘milk and honey’

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16
Q

What did the dust bowl cause

A

Migration from Dust Bowls to seek fertile
land and space; hunger for land

17
Q

How did Californians respond to migration

A

Many driven away by Californians and
lived in refugee camps

18
Q

What does soledad translate to

A

soledad translates to ‘solitude’

19
Q

what was existence like for workers?

A

Transient existence due to employment migration
Many could not afford fares: hitched lifts/stole rides on trains/walked; came to be known as hobos

Leisure: drinking, magazines, visiting brothels, fighting…

20
Q

what did the nature of employment cause/encourage?

A

Competitive nature of employment market encouraged ruthlessness

21
Q

what did ranches foster, why?

A

Nature of ranches and migrant labour fostered loneliness;

individualism was expected; impeded bonds, yet also restricted privacy

22
Q

what did workers strive for? what was stopping them?

A

Low wages prevented self-improvement

Desperate desire for autonomy and self-governance (key to the American Dream)

23
Q
A

Leisure: drinking, magazines, visiting brothels, fighting…

24
Q

what was ranch life indicated by?

A

Ranch life as indicated by the possessions of the workers and environment of the bunk-house:

25
Q

what were the standard of living like for workers?

A

not great, Close sleeping quarters; confinement; lack of privacy
Lack of possessions; bare necessities; lack of comforts
severe; austere; unhygienic

26
Q

what was lesiure like for workers?

A

Limited leisure opportunities: reading; drinking; visit brothels; fighting; games like pool, cards, horseshoes

27
Q

what was the environment like for workers

A

Competitive environment

Suspicious environment especially towards companionship
Isolating

28
Q

what did workers keep retention onto?

A

aspirations/dreams

29
Q

what were the social division composed of?

A

Social divisions based on roles, race, sex

30
Q

what was the average worker like?

A

solitary usually; they are exceptional in their companionship
Desperation for employment

31
Q

what was their economic status like?

A

Low economic means: hand-to-mouth existence

32
Q

what was the constant pressure for workers?

A

Constant pressure to refamiliarise and prove self

33
Q

what was residence like for these workers?

A

Lack of permanent residence; displacement; transience

Difficulties establishing bonds