History Flashcards
What was the new deal?
name given for Roosevelt’s ideas to solve the great depression
what were the 3 Rs in the first new deal, and what did they mean
Relief:
-provided money
-short term jobs for the unemployed
Recovery:
-promised economic revoery
-raised incomes
-kickstarted cycle of prosperity
Reform:
-changed laws around banks so people’s money was safe in times of troule
Name the alphabet agencies
AAA
CCC
1933 emergency banking act
FERA
NRA
PWA
Security exchange commission
TVA
How did the economic benefits for the US of WW1 happen
-European countires were so engaged in war that they couldn’t produce enough:
->food
->fuel
->iron or steel
so the americans had to produce it for them
Which industries expanded in WW1
->experianced expansion in:
-factory production grew by 35%
-steel production went from 26 million tonnnes to 42 million tonnes in 10 years
-natural resources (coal, petrol, gas etc.)
-transport = ship building to replace destroyed by submarines and railroads modernised to transport war goods and soldiers around efficiently
-consumer goods and american brands (esspecially cigerettes that were smoked by soldiers) grew in europe
How did WW1 affect farmers and agriculture in the US
European farmers were serving in the war, which meant there wad global demand for goods.
->especially WHEAT (for food production) and COTTON (for clothes)
Prices rose by 25%
Average income of farm owner increased by 30%
->this meant more farmers took out loans to expand their farms and increase their production of wheat to sell abroad
How did WW1 affect the workers in America
Seen as all the indusries in America were growing, more and more employees were needed
-1.3 million employed in last 2 years of war (reduces unemployement)
Wage increases
-wage of unskilled worker rose by around 20%
Many more work oppotunities
-many people from a range of backgrounds had oppotunities to work
->due to needing replacements of men that had gone to war
-many women joined the workforce
-black americans from agricultural jobs in south to industrial in north
What were the problems at the end of WW1 that limited the economic benefit for Americans
—>governments cancellled trading contracts with US due to their farms recovering by 1920
—>this meant demand for US industrial and agricultural goods dropped as a result
—>returning soldiers re-entered workforce
—>many new workers lost jobs (mainly women)
—>increase in black workers caused race riots
—>the money the farmers had borrwed they struggled to pay back as they weren’t making as much due to the decrease in demand
Give a brief description of what happendd in the 1932 election
landslide for roosevelt
