Blandet Flashcards
What are the causes of the Great Depression?
Supply and Demand:
– technological innovation: more mass production than mass consumption
– uneven wealth distribution: evidence and consequences
– sustaining demand: boost exports, extend credit
– the ‘under-consumption / over-production’ thesis
Explain the Civil Works Administration (CWA)
Its primary goal was to quickly provide jobs for millions of unemployed Americans through the creation of public works projects
Under the CWA, various types of projects were undertaken, including the construction and improvement of roads, bridges, schools, parks, and airports
However, the CWA was a short-lived program. It lasted for only one winter season, from 1933 to 1934, as it was intended to be a temporary emergency measure to provide immediate relief. The CWA was eventually replaced by other employment programs, such as the Works Progress Administration (WPA), which focused on long-term projects.
