How Sucess Was The ND In Bringing Economic Recovery To The USA By 1940? Flashcards

1
Q

What was the federal expenditure’s contribution to purchasing power in 1936?

A

$4.1 billion

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2
Q

What was the federal expenditure’s contribution to purchasing power in 1937?

A

Less than $1 billion

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3
Q

What was the unemployment rate at the end of 1933?

A

20 percent

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4
Q

Did the New Deal bring full economic recovery?

A

No

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5
Q

What impact did the New Deal have on national infrastructure?

A

Profound impact

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6
Q

What agencies played a central role in the New Deal’s impact on infrastructure?

A

Alphabet Agencies

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7
Q

What was created in 1935 to help transform the USA’s infrastructure?

A

Works Progress Administration (WPA)

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8
Q

How many hospitals did the WPA build from 1935 to 1943?

A

2,500 hospitals

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9
Q

How many schools did the WPA build from 1935 to 1943?

A

5,900 schools

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10
Q

How many miles of road did the WPA build from 1935 to 1943?

A

570,000 miles

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11
Q

What percentage of the workforce was still unemployed in 1939?

A

17.2 percent

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12
Q

What was the combined personal income of the USA in 1939?

A

$72.9 billion

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13
Q

What was the combined personal income of the USA in 1929?

A

$85.8 billion

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14
Q

What was the unemployment rate during the Roosevelt Recession of 1937-38?

A

11.5 percent

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15
Q

What was the GNP decline percentage during the Roosevelt Recession of 1937-38?

A

12 percent

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16
Q

What did the Tennessee Valley Authority (TVA) of 1933 help transform?

A

An area blighted by soil erosion and economic under-development

17
Q

What river was made navigable by the TVA?

A

Tennessee River

18
Q

What significant event occurred in March 1941?

A

Lend-Lease programme

19
Q

What major event occurred in December 1941?

A

US enters the Second World War

20
Q

What was established in January 1942 to manage labor during the war?

A

War Labor Board

21
Q

What agreement was signed in July 1944?

A

Bretton Woods Agreement

22
Q

Who succeeded FDR after his death in April 1945?

A

Vice President Harry Truman

23
Q

Fill in the blank: The Civilian Conservation Corps (CCC) was heavily involved in _______.

A

helping the development of US National Parks and State Parks

24
Q

True or False: The WPA provided work of dubious economic value.

25
What were some of the legacies of the CCC that can still be seen today?
Roads, tree planting, and tourist facilities
26
What was one of the main aims of the New Deal?
Relief for the unemployed
27
28
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.
29
Who headed the Rural Electrification Administration (REA)?
Morris Llewellyn Cooke headed the REA.
30
What incentives did FDR offer to private power companies?
He offered low-interest loans to extend power lines into rural areas.
31
What was the impact of rural electrification on farmers by 1950?
By 1950, 90 percent of the nation's farmers had received electricity.
32
How did rural electrification affect rural life?
It transformed rural life by powering labour-saving equipment and enabling new industries.
33
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.
34
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.
35
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.
36