Economic Downturn and Recovery USA Flashcards
What event caused an economic depression in America in October 1929?
Wall Street Crash
By the end of 1929, what was the unemployment figure in America?
2.5 million
How many states voted for Hoover in the 1932 election?
6 of the 48 states
What was the peak suicide rate per 1000 people by 1932?
17.4 suicides
What were the three components of the New Deal?
- Relief
- Recovery
- Reform
What was the unemployment rate for black workers in 1933?
50%
What did Roosevelt use to restore confidence in the banking system?
Fireside Chats
What was the nickname given to the makeshift homes of the unemployed?
Hoovervilles
What was the purpose of the CCC (Civilian Conservation Corps)?
Creation of jobs for men aged 18-25
Fill in the blank: The Emergency Relief Act provided $______ million for the unemployed.
500
What was a significant agricultural issue during the Great Depression?
Drought affecting Oklahoma, New Mexico & Kansas
What was the popular slogan reflecting public sentiment towards Hoover during the Depression?
“In Hoover we trusted… now we are busted”
What was the Hawley-Smoot Tariff Act of 1930 designed to do?
Increase import duties
True or False: The Supreme Court supported the New Deal policies throughout FDR’s presidency.
False
What was the consequence of the Sick Chickens Case in 1935?
Found NIRA illegal