Economic Developments: Actions by Hoover and Roosevelt with Agriculture and Problems faced Flashcards
What corporation did Hoover create in 1930 to help agriculture?
Grain Stabilisation Corporation
What was the aim of the Grain Stabilisation Corporation?
To increase the price of wheat bushels
How much did a wheat bushel cost in 1930?
$1
Why did the 1930 Agricultural Marketing Act give farmers group loans?
So they could focus on increasing the price of their crops in specific regions
What did the 1930 Agricultural Marketing Act do?
Gave farmers loans in groups
When was the Agricultural Adjustment Administration created?
1933
What did the Agricultural Administration do?
It paid farmers to stop producing crops on parts of their land
How many piglets were killed by the AAA?
6 million
How many acres of cotton-farming land was destroyed by the AAA?
11 million acres
What year did the AAA kill 8 million cows?
1934
By what year had cow breeding gone down by 20%?
1937
What tariff did Hoover make in 1930?
Smoot-Hawley Tariff
What did the Smoot-Hawley Tariff aim to do?
Protect American businesses
How did other countries respond to the Smoot-Hawley tariff?
They set up retaliation tariffs
How much did American exports fall by due to the 1930 Smoot-Hawley Tariff?
Fell by 60%
What technological development issue also was causing farmers to lose their jobs?
Mechanisation
In total, how many Americans a year lost their jobs to mechanisation in the 1920s?
2 million a year
What environmental situation impacted farmers heavily in the 1930s?
Droughts
How many hectares of farmland were affected by droughts in the early 1930s?
20 million hectares
How many farmers lost their homes due to the early 1930s droughts?
1 million people
What were the series of droughts in the early 1930s called?
The Dust Bowl
