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History GCSE > Paper 1 Section A : 1930 Depression > Flashcards

Paper 1 Section A : 1930 Depression Flashcards

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1
Q

When was the Wall Street crash and what was it nicknamed

A

29th October 1929

Black Tuesday

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2
Q

Name 5 causes

A 
Over production
Unequal distribution of wealth 
Corruption
European countries copying tariffs 
Financial speculation
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3
Q

Name 11 consequences of the Wall Street crash

A 
People not investing in banks 
1.5 billion men abandoning families
23000suicides
100000 companies went bankrupt 
Country lost $14 billion on the Tuesday
Increase in crime
Average wage fell by 60% 
War veterans demonstrated - bonus army
International trade fell by $7 billion 
Hoovervilles
238 people admitted to hospitals for malnutrition in 1931
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4
Q

List 6 successes of hoover

A

Created the hoover dam
Tax cuts to restart bank
Made businesses not decrease wages
Started reconstruction finance company to help banks
Signed federal home loan act to help buy homes
Raised tariffs to protect jobs

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5
Q

State 7 failures of hoover

A

Until 1932 refused there was a problem
Introduced tariffs but strangled international trade - countries retaliated eg hawley smooth tariff (40%)
Brought food up above market prices but overproduction occurred
European countries unable to pay loans
Thought spring weather would help
Kept laissez faire when companies needed it
Bonus army

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6
Q

When was the election and who was involved

A

1932
Hoover ( republican)blue
Roosevelt (democrat) red

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7
Q

Wha5 did hoover state to be president (7)

A 
Extend authority of construction finance corporation 
Reduce taxes
Pay bonus army
Focus on towns not federal state
Repeal prohibition 
Promised speedy recovery 
Have quotas to reduce immigration
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8
Q

What did roosevelt promise when trying to be president

A 
New deal
Reduce trarifs 
Restore agriculture
Give justice to war veteran (was a war veteran himself)
Relief recover reform campaign 
Increase employment
Solve banking crisis
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9
Q

Who won the election and by how much

A

Roosevelt by 7million votes 42/48 states

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10
Q

Why did farmers suffer bad,y from the depression

A

Had struggled in 1920
Demand decreased especially meat
Cost more to take animals to market than the price they received
Farmers want bankrupt
Dust bowl - over farming meant soil was damaged, drought and wind caused erosion

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11
Q

What did roosevelt do in the first 100 days

A

Persuaded people to trust banks
Sort out banking crisis
Fireside chats

Tackled poverty - federal relief administration
Tackling unemployment -, CCC
He,ping farmers - AAA

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12
Q

What were the policies of the new deal

A 
Help victims of the new deal
Encourage jobs - economic recovery
Reform the economic system to prevent future depressions
Protect savings and properties
Get industries and agriculture on track
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13
Q

List the AAA alphabet agency

A

May 1933 - set quotas to reduce farm production forcing prices to rise. Protected the soil by modernisation and gave mortgages however people were put out of jobs

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14
Q

What was the ccc alphabet agency

A

March 1933
Jobs for 6 month periods he,ping on projects at national. Parks
2.5 million helped

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15
Q

What was the holc alphabet agency

A

June 1933
Took over mortgages
More affordable who couldn t pay original rates so it was t repossed
He,led 20% of Americans

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16
Q

What was the banking act

A 
Bought all banks under federal control 
March 1933
Happened day after inaugural speech 
Government approved of banks 
500 allowed to re open
17
Q

List 4 successes of the new deal

A

Restored American faith in democracy - no extreme movements
Jobs created
Less homelessness
Relief supplied to poor

18
Q

List failures of the new deal

A

When programmes ended unemployment shot up in 1937 - never stopped
Didn’t aim new deal at everyone
Trade never recovered

19
Q

Who opposed the new deal (3)

A

Supreme court - republicans ruled court and couldn overturn laws but roosevelt threatened them
Republicans - como,aimed the new deal was doing too much
Radical politicians - didn’t think he was doing enough

20
Q

What were some culture changes

A

Films took off people’s minds from the depression
Radio was entertainment - 28million homes owned one
Musicals
Gangster and horror films

History GCSE (5 decks)

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