The achievements of the New Deal 1933-1941

Question 1

Economic effects of the New Deal 1933

Answer 1

Roosevelt was reluctant to spend excessively on federal projects, which led to reduction of the budget deficit over the course of Roosevelt’s presidency.

Question 2

Deficit reduction because of the New Deal 1933

Answer 2

In 1938, the deficit was lower than the $2.5 billion deficit Hoover had run up in 1932

Question 3

The New Deal 1933

• The national total of personal income - a failure

Answer 3

The national total of personal income stood at $86 billion in 1929 and only $73 billion in 1939.

Question 4

The New Deal 1933

• Wages - Partial success

Answer 4

Wages averaged $25.03 per week in 1929 and $23.86 ten years later

Question 5

The New Deal 1933

• Unemployment

Answer 5

In 1933, 18 million Americans were unemployed

In 1939, 9 million were still out of work

Question 6

Roosevelt Recession 1937

Answer 6

A return to higher unemployment with 19% of the workforce jobless in 1938

Question 7

Why did unemployment fell in the early years of the New Deal?

• 1935

Answer 7

Due the the amendment of the 1925 Neutrality Act wherein belligerents could buy from the USA.

Question 8

Social effects of the New Deal 1933

• The impact of the Social Security Act

Answer 8

It was financed through contributions paid by recipients and set up a national system of old-age pensions and unemployment benefits for the first time.