The New Deal and the economy (T3) Flashcards
How many Americans were unemployed by 1933?
18 million.
How many Americans were out of work in 1939?
9 million.
What was the aim of public works schemes?
To create jobs and stimulate recovery.
Was the aim of public works schemes achieved?
No, many Americans left employment in the agencies to return to joblessness or at best part-time jobs.
Was there a reduction in unemployment in the New Deal years?
Yes, in the early years, but largely the result of people working in alphabet agencies.
What happened to unemployment during the Roosevelt Recession (1937)?
Return to high unemployment, 19% of workforce jobless in 1938.
What was the cause of the Roosevelt Recession?
In part from government reductions in public works schemes and job creation.
Did the New Deal fix unemployment?
Tended to create temporary jobs working for the gov., rather than permanent ones in the private sector.
What was Roosevelt’s main concern?
To achieve a balanced budget, and agreed to cutbacks of $66 million.
How many people lost their jobs during the recession?
1.8 million people lost their jobs between September and December 1939.
How much had unemployment risen to in 1938?
Had risen to 10 million
What do historians agree was the real reason unemployment fell?
The amendment of the 1935 Neutrality Act in Nov. 1939.
What was the Neutrality Act?
Meant belligerents could buy from the USA.
What was the greatest achievement of the New Deal?
Changing role of the federal government.
