How Sucess Was The ND In Bringing Economic Recovery To The USA By 1940? Flashcards
What was the federal expenditure’s contribution to purchasing power in 1936?
$4.1 billion
What was the federal expenditure’s contribution to purchasing power in 1937?
Less than $1 billion
What was the unemployment rate at the end of 1933?
20 percent
Did the New Deal bring full economic recovery?
No
What impact did the New Deal have on national infrastructure?
Profound impact
What agencies played a central role in the New Deal’s impact on infrastructure?
Alphabet Agencies
What was created in 1935 to help transform the USA’s infrastructure?
Works Progress Administration (WPA)
How many hospitals did the WPA build from 1935 to 1943?
2,500 hospitals
How many schools did the WPA build from 1935 to 1943?
5,900 schools
How many miles of road did the WPA build from 1935 to 1943?
570,000 miles
What percentage of the workforce was still unemployed in 1939?
17.2 percent
What was the combined personal income of the USA in 1939?
$72.9 billion
What was the combined personal income of the USA in 1929?
$85.8 billion
What was the unemployment rate during the Roosevelt Recession of 1937-38?
11.5 percent
What was the GNP decline percentage during the Roosevelt Recession of 1937-38?
12 percent
What did the Tennessee Valley Authority (TVA) of 1933 help transform?
An area blighted by soil erosion and economic under-development
What river was made navigable by the TVA?
Tennessee River
What significant event occurred in March 1941?
Lend-Lease programme
What major event occurred in December 1941?
US enters the Second World War
What was established in January 1942 to manage labor during the war?
War Labor Board
What agreement was signed in July 1944?
Bretton Woods Agreement
Who succeeded FDR after his death in April 1945?
Vice President Harry Truman
Fill in the blank: The Civilian Conservation Corps (CCC) was heavily involved in _______.
helping the development of US National Parks and State Parks
True or False: The WPA provided work of dubious economic value.
True
What were some of the legacies of the CCC that can still be seen today?
Roads, tree planting, and tourist facilities
What was one of the main aims of the New Deal?
Relief for the unemployed
What was created by FDR in May 1935 to improve rural electricity?
The Rural Electrification Administration (REA) was created to extend power lines into farm areas.
Who headed the Rural Electrification Administration (REA)?
Morris Llewellyn Cooke headed the REA.
What incentives did FDR offer to private power companies?
He offered low-interest loans to extend power lines into rural areas.
What was the impact of rural electrification on farmers by 1950?
By 1950, 90 percent of the nation’s farmers had received electricity.
How did rural electrification affect rural life?
It transformed rural life by powering labour-saving equipment and enabling new industries.
What was the acreage under cultivation in 1929 and 1939?
In 1929 it was one billion acres, rising slightly to 1.05 billion in 1939.
What were some achievements of the New Deal by 1940?
The New Deal provided millions of jobs and transformed the road network, schools, and hospital provision.
Which regions experienced economic boosts due to rural electrification?
Regions such as the Upper South in the Tennessee Valley Authority (TVA) area and Oregon had major boosts.
