Economic Developments: The Roosevelt Recession and Evidence of New Deal Failure Flashcards
What year was the Roosevelt Recession?
1937
When did the Roosevelt Recession last from?
1937-1938
What did the Roosevelt Recession show for the effectiveness of the New Deals?
They had not been effective
How many people were unemployed in 1933?
25 million
How many people were unemployed in 1940?
8 million people
By what percentage did unemployment go up during the Roosevelt Recession?
Went up by 6%
What was Franklin Roosevelt cautious of doing when spending on New Deal policies?
Cautious of using lots of government money on New Deal policies
How much lower was the balance of payments deficit under FDR compared to Hoover?
$2 billion lower under FDR
In what year was the total income of everyone in the USA at $86 billion?
1929
What was the total income of everyone in the USA by 1939?
$73 billion
How many more people had been added to the American population from 1929 to 1939?
10 million more people
How many dollars lower were the average weekly wages in 1939 compared to 1929?
$2 lower
What act had FDR made in what year making the USA neutral in conflicts?
1935 Neutrality Act
What year was the 1935 Neutrality Act repealed? Why was it repealed at this time?
1939, due to the start of WWII
What would the USA be able to do during WWII while not getting involved in the conflict?
Sell military equipment to the nations fighting in WWII
What percentage of the American workforce were unemployed in 1939?
17%
What percentage of the American workforce were unemployed in 1941?
9%
What percentage of the American workforce were unemployed in 1943?
2%
