Impact of the crash and governments response

Question 1

What collapsed due to the crash?

Answer 1

Banks and industry collapsed, and the US government lacked the required structures to deal with it.

Question 2

Unemployment Increase

Answer 2

People couldn’t afford basic necessities.

Question 3

Rising homelessness

Answer 3

People lost their homes because they couldn’t afford their mortgages and rent.

Question 4

Collapse of Business, Banks and Industry

Answer 4

-Drop in demand for goods led to retrenchment and low wages
-Share prices plummeted

Question 5

Agricultural challenges intensify

Answer 5

-Food prices dropped
-Thousands of farmers were evicted from their land.

Question 6

Election of Roosevelt and his campaign

Answer 6

-Roosevelt promise government intervention to aid the poor and unemployed.
-He also pledged to increase worker protection and bring an end to prohibition.

Question 7

What did The New Deal promise?

Answer 7

Relief: Immediate assistance to those most impacted by the depression

Recovery: Getting industry going again and people back to work.

Reform: Introducing significant changes to the entire economic system.

Question 8

What did the first New Deal rely on?

Answer 8

It relied on government agencies or alphabet agencies.

Question 9

How and What did the first New Deal aim to solve the..
Financial crisis?

Answer 9

The first new deal aimed to stabilize and revitalize the financial sector.

Question 10

How and what did the first New Deal aim to solve:
Unemployment

Answer 10

It implemented measures to reduce unemployment.

Question 11

How and what did the first New Deal aim to solve:
Agriculture

Answer 11

The deal introduced initiatives to support farmers and address issues such as overproduction.

Question 12

How and what did the first New Deal aim to solve:
Industrial Collapse

Answer 12

The deal implemented programs and legislation to revive industrial sectors.

Question 13

What was the Legislation?

Answer 13

New laws were introduced to provide essential safeguards for small investors and prevented unsound business practices.

Question 14

Different alphabet agencies for…

Unemployment?

Answer 14

-The civilian conservation corps (CCC): aimed to provide employment and skills training for 3 million unemployed men.

-The public works administration (PWA): Designed to bolster the economy. It allocated gov funds to build essential infrastructure.

Question 15

Alphabet agencies:
Agriculture?

Answer 15

-The agriculture adjustment administration (AAA): This agency provided subsidies to farmers, encouraging them to reduce production and eliminate surplus crops and livestock.

-The Tennessee Valley Authority (TVA): Focused on infrastructure development and constructed dams and did other environmental projects.

Question 16

Alphabet agencies:
Industrial Collapse?

Answer 16

-The National Recovery Administration (NRA): Played a major role by creating industry-specific laws. Eg, regulating prices, limiting working hours, establishing minimum wage and ending child labor.

Question 17

The primary goal of the second new deal was to reform the American economy and address the challenges faced by the population.

-Social security act:

Answer 17

Established a comprehensive system encompassing old age pensions, health benefits, unemployment insurance, child welfare, and poor relief.

Question 18

-Wage and Hour Regulations:

Answer 18

Laws were enacted that established a minimum wage and a maximum working week of 44 hours.

Question 19

-Support for trade unions:

Answer 19

The second new deal bolstered the trade union movement by recognizing workers’ rights to join unions and engage in strikes.

Question 20

-Works Progress Administration (WPA):

Answer 20

Was introduced to create employment opportunities for 8 million people. It initiated various construction and conservation projects as well as cultural projects.