US 1930s Flashcards

1
Q

What did the Revenue Act do and when was it passed?

A

•increased taxes on large incomes and corporations
•1934
•response to Huey Long’s Share Our Wealth programme
• received criticism from far right - American Liberty League
• however only raised $250m

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2
Q

How much did taxes increase by under the New Deal

A

• 80% on wealthy individuals
• tax revenue increased by 328% - negative, taxes placed on goods like alcohol, businesses raise prices of goods, harder for the poor to access them

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3
Q

What did the Banking Act do?

A

• extended federal control over private banking
• response to Father Coughlin’s criticism over radio talks attacking Roosevelt and capitalism
• deemed as unconstitutional
• however was a long term reform

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4
Q

What was the Wagner Act?

A

•1935
• combated failures of NRA in 1933, established a minimum wage, limited workers hours
• upheld by Supreme Court in 1937

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5
Q

What was the Social Security Act?

A

• introduced pensions, unemployment insurance, more long term reform
• 1935
• response to Francis Townsend’s call for $200 monthly pensions

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6
Q

What did the Resettlement Administration do?

A

• Helped relocate 45,000 farming families from areas most affected by the Dustbowl
• 1935

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7
Q

What did the Rural Electrification Administration Act do?

A

• Helped to provide electricity to rural areas - 40% of farms had electricity by 1940

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8
Q

What did the Works Progress Administration of 1935 do?

A

• helped groups that received less support - women through CCC camps, African Americans, artists and musicians
• spent $4bn getting people to work in 1935, then spent $11bn getting 8m people into work until 1943

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9
Q

What caused the Roosevelt Recession?

A

Roosevelt tried to balance budgets by making cuts in federal spending and increased taxation but this led to higher unemployment

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10
Q

What was unemployment in 1933 compared to 1937

A

1933 - 25%
1935 - 22%
1937 - 20%

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11
Q

What was gnp in 1929 to 1937

A

1929 - 37%
1937 - 42%
GNP increased by 5%

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12
Q

Roosevelt ideology

A

• In his 1932 run for presidency he asserted he would help ‘the forgotten man at the bottom of the economic pyramid’
• Sought to reassure the public in his First Inaugural Address saying ‘the only thing we have to fear is fear itself’
• Roosevelt argued the New Deal was animated by spirit, and of ‘bold, persistent experimentation’

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13
Q

How did Roosevelt connect to Americans using radio?

A

• Delivered live radio ‘fireside chats’
• In 1933 in his first chat, spoke of the banking crisis and what the government were doing to solve it
• delivered 30 fireside chats in simple, reassuring language throughout New Deal and WW2

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14
Q

What was the court packing plan and why did Roosevelt do this?

A

• 1937
• adding an additional justice to the Court for every justice over the age of 70 to try and get his reforms passed without resistance
• denounced by Congress and criticised by the public

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15
Q

What was the NYA and when was it established?

A

• 1935
• Mary Bethune, FDR’s special advisor helped to establish it
• provided skills training for 300,000 young black Americans (including women)

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16
Q

How did the New Deal provide ethnic minorities with jobs?

A

• jobless numbers of black Americans fell from 50% to 30% (government was the largest employer of African Americans)
• WPA provided work for 350,000 black Americans in 1935, 15% of its overall workforce

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17
Q

What did the Agricultural Adjustment Act do and when was it established?

A

• 1933 - boosted agricultural prices by offering government subsidies to farmers to reduce output
• however was responsible for the unemployment of two million Americans in the South as the policy favoured larger farms
• Therefore African Americans, who often were sharecroppers, were the first to lose their jobs
• controversial as it paid farmers to destroy their food to stop overproduction whilst people were starving

18
Q

What did the Civilian Conservation Corps do?

A

• employed young men at federally funded jobs on government lands

19
Q

When did Hoover win the election and what were his aims?

A

• won 1928 presidential election
• focus on individualism
• promised a ‘chicken in every pot’ (1928 election)
• ‘Economic depression cannot be cured by legislative action of executive pronouncement’

20
Q

Why did Hoover fail to end the depression?

A

• believed in rugged individualism and laissez faire - had been successful under Coolidge in economic boom of early 20s
• needed support of both Houses of Congress - until Nov 1930 Congress was dominated by Republicans who wanted to do very little
• Hoover believed that the causes were outside of USA - Allied govts owed USA money
• 1931 Hoover put in place a MORITORIUM to avoid a global crisis and cancelled German Reparation payments in 1932 - too little too late

21
Q

What was the disastrous Smoot Hawley tariff?

A

• 1930 average tariffs on agricultural and industrial goods rose to 40% (highest level in US history, damaged international trade)
• 1000 economists signed a petition asking Hoover to reverse the tariffs

22
Q

Great Depression stats

A

• 1933 - 25% unemployed
• 13million Americans had lost their jobs
• 62% of the 13m had been out of work for more than a year
• 4,000 banks shut down between 1929 and 1933, leaving depositors with nearly $400 million in losses

23
Q

Successes and failures of Hoover’s RFC

A

• Designed to lend up to $2bn to banks but 50% went to the 7 largest banks in the USA
• prevented the depression from getting worse - from Feb-March 1932, it helped 160 banks, 60 railroads and 18 mortgage companies
• However banks didn’t lend businesses money so there were no signs of recovery
• Used by Roosevelt to bail banks out in 1933 under Emergency Banking Act

24
Q

How was Hoover’s Emergency Relief Construction Act a major change in government thinking?

A

• 1932
• lent up to $1.5 bn for public works projects to generate employment (however only if states were bankrupt they could borrow money)

25
Q

How did Hoover try to prevent homelessness during the Great Depression?

A

Federal Home Loan Bank Act - tried to save mortgages but limited at 50% of the value of the home

26
Q

How did Hoover fail to deliver emergency relief?

A

• Hoover refused direct government relief
• Congress allocated $47m in loans which had to be repaid

27
Q

Why did the bonus army march make Hoover unpopular?

A

•1932
• Over 17,000 veterans marched on Washington to demand their immediate cash compensation as promised 8 years prior by Congress
• Hoover ordered the army on the army (not respecting the people)

28
Q

How much of the popular vote did Roosevelt win in 1932 and 1936?

A

• 1932 - 57.3%
• 1936 - 60.8%

29
Q

What was the democrat voting coalition?

A

Racial and ethnic minorities, white southerners, blue collar workers, labour unions
• marked the shift of voting geographically to ideologically

30
Q

What were the sources of New Deal ideas?

A

• 1932 Brain trust comprised of intellectuals
• Roosevelt’s cabinet - included conservatives, liberals, Democrats, Republicans, anti-inflationists and inflationists to blend and create often conflicting ideas

31
Q

What did the 1933 Emergency Banking Act do?

A

• passed on a bank holiday within 40 mins
• designed to restore confidence and encouraged citizens to put their money back in banks
• RFC took on bank debts
• Over $1bn had been put back in banks by April 1933, crisis over

32
Q

What did the 1933 Glass Steagall Act do?

A

• separated out different types of banking, individual bank deposits were to be insured
• prohibited bankers from using depositors money to pursue high risk investments
• (However criticised by Hoover supporters as it was argued he would have done this)
• (criticised by left wing opposition claiming this was protecting rich and powerful)

33
Q

What was the Tennessee Valley Authority and what did it do?

A

• 1933
• Designed to harness the power of the Tennessee River (dams, tree planting, new farming techniques, job creation, hydroelectricity)
• average income rose by 200% between 1929 and 1949
• Still remembered today - Jason Isbell 2009 made a song titled TVA (lyric ‘thank god for the tva’

34
Q

What did the Federal Securities Act do?

A

• 1933
• aimed to stabilise the stock market
• created the Securities and Exchange Commission which regulated stock exchange and share transactions (protected capitalist system)

35
Q

What was the NRA?

A

• 1933
• Firms had to agree to codes of practice to regulate unfair competition, working conditions and minimum wages
• However was optional, codes favoured large companies over small, unions still had weak powers
• deemed unconstitutional by Supreme Court in 1935 and didn’t help industrial recovery

36
Q

What did the 1934 Indian Reorganisation Act do?

A

• recognised and encouraged Native American culture, made them self-governing bodies with their own police and legal system
• however didn’t help poverty - too extreme, had been neglected for too long

37
Q

What did the Federal Housing Administration do?

A

• 1934
• Helped to give federal insurance to protect low interest, long term mortgages for those buying new homes.
• However only for new homes not existing ones
• So didn’t help inner cities, many moved to suburbs, mostly helped white middle class families

38
Q

What New Deal measures were Hispanic Americans excluded from?

A

• 1933 NRA
• 1935 Wagner Act
• 1938 Fair Labour Standards Act

39
Q

How did Father Charles Coughlin oppose the New Deal?

A

• had a radio show criticising the New Deal with 35m listeners
• advocated nationalisation of banking and currency
• demanded a living minimum wage
•claimed there was an international bankers conspiracy that Jews were responsible for

40
Q

What did Dr Frances Townsend want Roosevelt to do?

A

• introduce pensions - pay $200 a month to people over 60
• would be financed by a 2% national sales tax - pensioners would have to spend money in 30 days to stimulate economy

41
Q

How did Senator Huey Long oppose Roosevelt?

A

• guaranteed minimal annual income of $2000 yearly for every American by confiscating wealth of people who made over $5million per year
• by early 1935 Long had created 27,000 Share our Wealth clubs across the USA (popular)