Inclass Essay Stats 1 Flashcards
Roosevelt 1932 Election
winning 22 821 857 votes and 44 states
Hoover 1932 Election
Hoovers 15 761 841 and 6 states
New Deal Enactment
March 4 1920, with the aims of; relief, recovery and reform to reverse the negative affect of the depression through 15 reform bills
RFC
- Reconstruction Finance Corporation
- approved January 22, 1932
- with an initial capital of $500 million.
- This tried to provide indirect relief to unemployed through loans to banks, insurance companies, railroads, farm organisations and state and local governments.
FERA
- Federal Emergency Relief Administration
- that gave $500 million to help homeless and starving Americans,
- with most of the money to increase soup kitchens, shelters, clothing and employment schemes
CCC
- Civilian Conservation Corps
- gave jobs to single men under the age of 25 in the country side;
- clearing land, planting trees and strengthening river banks.
- They were given clothing and food, and a wage that was sent back to their struggling families.
- Between 1932-1942 close to 3 million men took part in the CCC scheme.
CWA
- Civilian Works Administration
- 4 million people jobs over the minter of 1933-34 in areas such as railroads or sweeping leaves in parks.
- This gave the people something to do, and regain confidence in the economy
PWA
- Public Works Administration
- aimed to create lasting public works, and
- 7 billion was spent employing men to build dams, bridges and other infrastructure.
- Between 1933 and 1930, the PWA built 70 percent of schools, and 33 percent of American hospitals.
The Emergency Banking Act
4 day break for all banking at 1am, Monday March 6 1933.
Gold Standard
- In March and April 1933,
- Roosevelt took American off the Gold Standard.
- This saw that American currency couldn’t be exchanged for gold, making the currency worth fall.
- The decrease in value stimulates foreign buyers and increased foreign trade overseas.
Fireside Chats
‘fireside chats’ on Sunday, March 12th 1933.
These became a series where Roosevelt could discuss this future plans over the ration for the entirety of the nation to here,
this tone of voice; calm and relaxed instilled confidence in the country.
FCA
- Farm Credit Administration
- was to given loans to a fifth of farmers so they wouldn’t lose their farms,
AAA
- Agricultural Adjustment Agency (AAA)
- to pay farmers to produce less food by reducing their livestock or land.
- This increased produce price, and between 1933 and 1939 farmer’s income doubled.
The Emergency Farm Mortgage
- was introduced as apart of Roosevelt’s relief program in March 1933, and
- gave aid to farmers by refinancing mortgages.
Smooth Hawley Tariff
- 1930,
- with plans that this would encourage the purchase of American goods.
- The tariff increased custom duties on foreign goods, making them more expensive,
- but this backfired as foreign countries retaliated by terminating foreign trade from American farmers,
- worsening their financial situation.