paragraph 2 Flashcards

1
Q

benchmark

A

1932, 250,000 americans falling behind mortgage.

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2
Q

knowledge

A
  1. Agricultural adjustment act 1933, payer farmers subsidies to in turn shoot up prices.
  2. glass stealgull act 1933, bank officials prohibited from taking loans out of their own banks.
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3
Q

analysis

A
  1. $4.5 billion to $6.9 billion farm income increase in 1935
  2. new banking stability, people trusted banks again
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4
Q

analysis +

A

the AAA was less successful as it only provided for wealthy farmers who were able to afford to put their production on hold, and was at the expense of tenants + stockbrokers.

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5
Q

evaluation

A

recovery not achieved - paul johnson “If interventionism worked, it took nine years and a world war to demonstrate that fact.” The new deal had not done enough. Changes still being made to reform america.

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