Economic Developments: Short term indicators to the Great Depression and poor Government Actions Flashcards
When did the 1920s construction boom end?
1928
By what percentage did car production decrease in 1929?
Decreased by 30%
Why did car production decrease in 1929?
Most people who could afford a car had already bought one
How many months before the Wall Street Crash did industrial production start to fall?
2 months before
Name a tariff passed to protect American businesses
1922 Fordney McCumber Tariff
How did other nations respond to the Fordney-McCumber tariff?
They made retaliation tariffs
What year was the highest rate of income tax put down to 25%?
1924
When did the 1932 election happen? (To the month)
November 1932
Who won the 1932 election? Name their party as well
Franklin Roosevelt, Democrat
When would FDR come into office?
March 1933
What was Roosevelt offered to do in the 4-month period between the election victory and the inauguration?
Work with Hoover to manage the Depressiuon
How did Roosevelt respond to the request?
He denied it
Why did Roosevelt deny the request?
He did not want to give the Republicans any ideas on how to win the 1936 election?
