Impact of the New Deals (T3) Flashcards

1
Q

What was unemployment like in 1929?

A

3.2% - around 4 million

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2
Q

What was unemployment like in 1933?

A

The end of Hoover’s presidency - 18 million

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3
Q

What was unemployment like in 1939?

A

End of ND - 17.2% - 9 million

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4
Q

What was the national total of personal income in 1929?

A

$86bn

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5
Q

What was the national total of personal income in 1939?

A

$73dn - despite population increase of 9 million

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6
Q

What was the average wage in 1929?

A

$25.03 per week

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7
Q

What was the average wage in 1939?

A

$23.86 per week

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8
Q

During the Roosevelt recession, how many people lost their jobs?

A

3.5 million lost their jobs

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9
Q

What did the national income fall by during the Roosevelt recession?

A

National income fell by 13%

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10
Q

What did unemployment rise to during the Roosevelt recession?

A

Unemployment was rising to 19% in 1938

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11
Q

What % of the gains made in the new deal were lost from the recession?

A

It was said that 66% of the gains made in the New Deal were lost.

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12
Q

When was the Roosevelt recession?

A

1937-38

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13
Q

How severe was the Roosevelt recession?

A

Between 1937-38 the rate of economic decline was sharper than that of late 1929

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14
Q

Why did the Roosevelt recession happen?

A

Roosevelt wanted to keep a balanced budget

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15
Q

What was one of Roosevelt’s main priorities after he came to office?

A

To put controls on the banks so that such a large economic crash couldn’t happen again

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16
Q

What did the economy act do?

A

It slashed govt. salaries and ex-soldiers pensions

17
Q

How did total farm income change 1932-1935?

A

Rose from $4.5 billion to $6.9 billion

18
Q

How did the TVA scheme change the incomes of those who lived in it?

A

People who lived in it saw their income rise 200% 1929-1949

19
Q

How many trees were planted due to the CCC?

A

1.3 billion

20
Q

Why was the impact of the FHA insurance limited?

A

As these could only protect new, single family homes - people could not renovate homes in city centres

21
Q

What political opposition did the new deals get?

A

They got little opposition from the right, and strong opposition from the left

22
Q

What are some examples of left wing politicians?

A

Huey Long and Father Charles Coughlin

23
Q

When did the right not like Roosevelt?

A

When it seemed that capitalism was saved – the rich thought taxes were too high on them

24
Q

How did the new deal impact Native Americans?

A

It encouraged their individual cultures and offered them a chance to re-gain their independence (stopped assimilation)