Unit 2: 1930s America

Question 1

Effects on shares in the Wall Street crash

Answer 1

13 million shares sold on the 24th October
29th October shareholders sold 16 million shares
Shareholders lost over 8 million dollars

Question 2

Effects of the Wall Street crash econmics

Answer 2

Many investors lost money
America entered a cycle of depression
100,000 companies shut from 1929 to 1933
Banks suffered as many customers invested in shares
Worldwide depression at the time.

Question 3

Effects of the Wall Street crash social

Answer 3

25% of the workforce unemployed by 1933
Loss in faith for Hoovers Government
100,00 Americans fled to the Soviet Union
Increase in popularity for the communist party

Question 4

What industry grew during the Great Depression

Answer 4

Entertainment

Question 5

Successful things Hoover did:

Answer 5

Bought surplus food from farmers and controlled the food market prices
Maintained a Laissez Faire attitude with hopes of bringing back prosperity.
Set up construction projects such as the Hoover Dam which created jobs
Persuaded businesses to not cut wages
Emergency relief act- provided $300 million for those who are unemployed

Question 6

Unsuccessful things hoover did:

Answer 6

Tried to restart the economy by cutting taxes
Introduced tariffs which made the depression worse as there was a finite amount of trade
The Republican Party did not want to change their policies
No social security
He left the relief to be provided by local government and charities

Question 7

What Roosevelt promise in his manifesto

Answer 7

Remove the republican policies
Lower taxes
Set tarrifs that will not effect trade and relations with other countries
Creating more jobs
Restoring the nations basic industries

Question 8

How did Hoover deal with the bonus army

Answer 8

He refused to pay them there promised pensions for fighting in WW1

Question 9

Hoovers manifesto:

Answer 9

Consider the rid of prohibition
Stop Immigration
Speed recovery
Reduction of public expenditure
Pay the bonus army

Question 10

How many votes did Roosevelt win by

Answer 10

7 million votes

Question 11

Who could vote back then

Answer 11

Only men and Woman Wasps

Question 12

Which states voted for Hoover

Answer 12

The North eastern states, New York, Vermont, New Hampshire
Only 6 states

Question 13

How many states voted for Roosevelt

Answer 13

42
Largest defeat the democrats have ever seen in history

Question 14

Why did people vote Roosevelt

Answer 14

Hoover had left the democrats with a bad reputation
He made promises which appealed to the working class
Payed the bonus army
He dealt with the depression- new deal
He had a good personality
Survived polio
War veteran
Was ex governor of New York

Question 15

Why was Eleanor Roosevelt so significant

Answer 15

She led woman’s rights campaigns and gave Roosevelt a good image

Question 16

NRA

Answer 16

National recovery association- improved working conditions, outlawed child labour, improved wages.

Question 17

HOLC

Answer 17

Home owners loan corporation- payed off debts and mortgages owned by middle class persons so the banks did not reposes their homes

Question 18

Success of the New Deal-

Answer 18

Roosevelt’s government were backed by the population
Created millions of jobs
Woman achieved promenant positions
200,000 African Americans. Gained benefits

Question 19

Failures of the New Deal

Answer 19

The government struggled to cooperate with big businesses
6 million people unemployed in 1941
Minorities were excluded from the benefits such as native Americans
The us economy took longer than European economies to recover

Question 20

Who opposed the new deal

Answer 20

The Supreme Court, the Republican Party

Question 21

Why did the Supreme Court oppose the New Deal

Answer 21

The supreme court was dominated by republicans and they believed that the new deal extended the role of the federal government too far

Question 22

Why did the Republican Party oppose the new deal

Answer 22

They believed it was doing too much and regarded Roosevelt as a dictator as he would control a lot

Question 23

How did the new deal help recovery

Answer 23

It restored peoples faith in the government and the economy which led to people investing in stocks and shares
New jobs created in Roosevelt’s alphabet agencies and the brains trust
Stabilised the American Banking system

Question 24

How did ww2 effect the economy

Answer 24

Increased production which provides employment in factories producing wartime products
Lend lease shipped 50.1 billion dollars of materials
750,000 African Americans found work in the war industries