Impact of economic change

Question 1

Why was there a need for new factories to be built in the USA

Answer 1

Due to the beginning of war in Europe

Question 2

What increased the supply of weapons

Answer 2

lend and lease act

Question 3

What supervised the production of $183 billion worth of weapons and supplies

Answer 3

war production board

Question 4

What was responsible for making millions of machine guns and employing 750000 people during the war

Answer 4

General motors

Question 5

What was set up to control national prices and wages

Answer 5

office of war mobilisation

Question 6

What production was stopped to produce war materials

Answer 6

cars

Question 7

What was rationed

Answer 7

cloth material
meat
petrol
sugar

Question 8

what was responsible for 1.5% of USA’s income

Answer 8

defence industries

Question 9

What medicine was produced in the pharmaceutical industry

Answer 9

penicillin

Question 10

How many people served

Answer 10

16 million

Question 11

how many worked in factories

Answer 11

14 million

Question 12

How many were african americans were employed in factories

Answer 12

4 million

Question 13

How many teenage boys were employed

Answer 13

3 million by 1944

Question 14

What was the arsenal of democracy

Answer 14

country made weapons for the allies
beat the armies of the axis

Question 15

What did USA produce during the war

Answer 15

100s of 1000s tanks and aircraft
35000 landing craft
1200 large ships
1000 medium ships

Question 16

Why did USA not have to worry about their factories being bombed

Answer 16

they had more weapons than their enemies meaning they could replace the losses

Question 17

What caused booms in car sales and house building

Answer 17

Citizens wanted to spend their money instead of rationing

Question 18

How much steel was USA making by the end of 1940s

Answer 18

57%

Question 19

How much of the worlds cars was USA making by the end of 1940s

Answer 19

80%

Question 20

How much coal was produced by 1930

Answer 20

60%

Question 21

Who tried to not stop the depression

Answer 21

republicans

Question 22

why did republicans not try to stop the depression

Answer 22

due to laissez faire

Question 23

How many passenger cars were there by 1929

Answer 23

23 million

Question 24

What did consumer debt rise to by 1929

Answer 24

$7.6 billion

Question 25

What was double by 1929

Answer 25

borrowing

Question 26

What became less important than new industries

Answer 26

textile manufacturing

Question 27

By 1930, how many homes and businesses ran on electricity

Answer 27

24 million

Question 28

What is a bull market

Answer 28

shares going into their own boom cycle.
share prices rise and many expect it to continue

Question 29

Who was affected by the bull market

Answer 29

banks and they used customers investments to trade in shares

Question 30

When did unemployment rise

Answer 30

1927

Question 31

What was the federal reserve board 1913

Answer 31

regulates banking

Question 32

What was ‘buying on the margin’

Answer 32

buying shares with borrowed money to sell quickly at a profit

Question 33

What was the bear market

Answer 33

prices of shares falls and people expect the fall to continue

Question 34

What did the bear market replace

Answer 34

the bull market

Question 35

What worsened the depression

Answer 35

wall street crash

Question 36

Who refused Hoover’s federal action

Answer 36

republican congress

Question 37

What did FDR do

Answer 37

close the banks, FED inspect them, reopen the healthy banks

Question 38

What natural disasters caused farmers to lose their land in early 1930

Answer 38

droughts