Inclass Essay Stats 1 Flashcards

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1
Q

Roosevelt 1932 Election

A

winning 22 821 857 votes and 44 states

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2
Q

Hoover 1932 Election

A

Hoovers 15 761 841 and 6 states

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3
Q

New Deal Enactment

A

March 4 1920, with the aims of; relief, recovery and reform to reverse the negative affect of the depression through 15 reform bills

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4
Q

RFC

A
  • 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.
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5
Q

FERA

A
  • 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
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6
Q

CCC

A
  • 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.
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7
Q

CWA

A
  • 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
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8
Q

PWA

A
  • 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.
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9
Q

The Emergency Banking Act

A

4 day break for all banking at 1am, Monday March 6 1933.

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10
Q

Gold Standard

A
  • 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.
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11
Q

Fireside Chats

A

‘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.

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12
Q

FCA

A
  • Farm Credit Administration

- was to given loans to a fifth of farmers so they wouldn’t lose their farms,

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13
Q

AAA

A
  • 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.
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14
Q

The Emergency Farm Mortgage

A
  • was introduced as apart of Roosevelt’s relief program in March 1933, and
  • gave aid to farmers by refinancing mortgages.
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15
Q

Smooth Hawley Tariff

A
  • 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.
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16
Q

Social Security Act

A
  • passed by Congress in 1935.
  • This provided old age pensions by the federal government, and took funds from the employer and employees wages so that this was left over for when the individual retired.
  • This stopped many elderly from having to depend on family or friends, or becoming extremely poor and homeless.