Great Depression/Great Drought/Dust Bowl Flashcards
TVA
May 18 1933
The Tennessee Valley Authority
Developed work for the unemployment by building damns and hydro-electric systems
AAA
May 12 1933
Agricultural Adjustment Act
Attacked the problem of over production and low prices
FERA
May 1933
Federal Emergency Relief Administration
Set up to provide immediate relief to needy families. Spent millions on soup kitchens
CCC and PWA
1933
Civilian Conservation Corps and Public Works Administration
created environmental conservation projects and public works to provide employment
Brains Trust
- had the policy that if it didn’t work then scrap it
- came up with the alphabet agencies
Effects of GD
- unemployment (1929: over 1.5 million) (1933: over 12 million) (1939: over 9 million)
- industrial production halved between 1929 to 1932
- poverty
Causes of GD
- stock market crash on 29 October 1929 (13 million shares were sold in one day)
- everyone was investing but not financially conservative
Link between GD and DB
- everyone was cutting down trees to plant more crops. Nothing was keeping the dirt on the ground and created dust
- clouds of dust settled over the south of America resulting in farmers not being able to plant any more crops
- many lost jobs and could not support themselves. many moved towards the big cities adding to the unemployed and starving in the cities
Political response: Herbert Hoover
- 1929-33
- laissez-faire approach (let everything sort itself out without interference)
- only furthered crisis
- hoover was seen as an ineffectual leader
Political response: Franklin D. Roosevelt
- 1933-45
- instilled optimism
- created the ‘brains trust’ that created the New Deal and the Alphabet Agencies
- unemployment decreased after he put action into place
- much better president than hoover