The Great Depression Flashcards
When did the Wall Street crash happen?
October 1929
When did the bonus March happen?
May - June 1932
When does Roosevelt get elected as president?
November 1932
When does Roosevelt introduce the new deal?
1933
When does the USA enter ww2?
December 1941
How did hoover deal with the Great Depression?
Through rugged individualism and had a laissez faire attitude
He funded the hoover dam
How did the Great Depression impact people?
25% of the population were not receiving an income
Black American unemployment levels reached 50%
How did Roosevelt fix the Great Depression ?
Fireside chats - reassured people
Alphabet agencies - organisations to improve working conditions and create jobs
Why did Roosevelt win the 1932 election?
Offered new solutions to the Great Depression through the new deal
What were Roosevelt’s 3 R’s?
Relief
Recovery
Reform
Name 2 alphabet agencies
FERA - Emergency relief of $500 million for unemployed
CCC - created jobs for men aged 18 - 25
NRA - set fair prices,wages and working conditions
How did Hoover try to improve quality of life for Americans?
Introduced the Hawley - smoot tariff act which increased import duties but countries refused to trade with USA
Funded the building of the hoover dam for about $50 million