The Great Depression And The New Deal (1930s America) Flashcards
What was The Wall Street Crash?
Overproduction meaning companies couldn’t sell quick enough nor abroad due to tariffs and businesses would drop in value, anyone investing such as rich people and banks would lose all money.
What was an immediate response to the Wall Street Stock Market beginning to plummet?
People would rush to sell their shares before they lost value.
What were the effects of the Wall Street Crash?
Lots of people would loan money or borrow it to make shares, now they have a lot of debt causing them to struggle and become homeless. Lots of farmers were evicted as they had shares on equipment and mortgages that couldn’t be paid off. Lots of businesses took out loans and then went bankrupt due to the crash. Banks invested clients savings for profit, the crash made them lose the savings meaning not only the banks lost their money but people lost their savings. By 1932 13 million people were unemployed. Hobos - unemployed people travelling to look for work. Many lost homes and lived in shacks made from scrap metal and cardboard called Hoovervilles. Homeless queued in ‘breadlines’ for food.
Who was Hoover?
The president during the first half of the Great Depression, he was voted off because he refused to help with the crash and claimed that it’s their own fault and should fix it themselves.
Who was Roosevelt?
The man who solved the Great Depression, he was elected as president because of his promises to fix the Depression.
What did Roosevelt do to help?
He created alphabet agencies to help certain aspects of the economy and public that were suffering. Such as the poor, workers and the overall economy.
Why was Roosevelt chosen over Hoover?
Hoover saw American’s as ‘rugged individuals able to overcome anything thrown at them without government help’ . He only helped a little bit by giving money to troubled businesses and farms. He didn’t do much in terms of helping and by the time he started giving money people believed he was too late. On the other hand Roosevelt was already known as a generous leader as he was previously governor of New York and had given $20m worth of tax money to the unemployed. He also gave fuel to those in need during a harsh winter. He promised a ‘New Deal’ when running for president promising he would fix everything, Roosevelt was an excellent public speaker and would do as many as 15 speeches a day. He was seen to have the right experience to help America.
What was popular amongst culture in the 1930s?
Jazz was still popular, radios expanded from music to poetry, plays, news reports and live sports events. Cinemas changed a lot introducing sound in films and new genres such as horror. Comic books such as Marvel.
Who are the supreme court?
The supreme court is the highest court in the country, consists of 9 judges who were picked out by the President.
Who are the Republican Party?
A party which believed in staying out of peoples lives as much as possible. Hoover was a Republican.
Who are the Democratic Party?
A party essentially the opposite of Republic Party, they help in anything they can. Roosevelt was Democratic
