USA 1820s-1968 Flashcards
Name the 2 background points for the economic crisis of 1929-1933
America was thriving in the 1920s
The introduction of credit allowed people to buy things they wouldn’t usually be able to buy
Until 1929 the government allowed a completely free market and no price restrictions which allowed companies to do what they wanted
Name the four factors of the economic downfall
1-the overproduction of goods
2-government policies
3-effects of ww1
4-weaknesses of the banks
name 2 knowledge points for the overproduction of goods
in 1920 8 million model T were produced but by 1929 more than 23 million
there were more goods produced than people could buy
explain an analysis point for the overproduction of goods
by 1929 anyone who could afford goods already had them and warehouses filled up with unwanted goods
name 2 knowledge points on government policies
businesses could do what they wanted with their profits allowing conditions for workers to stay bad and the companies to stay greedy
hoover (president)-“ it will be alright” believed that the situation would sort itself out
calvin coolidge “ the business of america is business”
explain an analysis point on government policies
republicans attempted to bring america out of the depression but they were too late
name 2 knowledge points from the effects of ww1
after the war america was the financial winner of the war bc european economies were in tatters
when germany declared bankruptcy america lost billions
america offered lots of loans to lots of european countries to take over the trades
explain 2 analysis points related to the effects of ww1
european companies put tariffs on their goods to retaliate
american companies now failed to sell goods in europe
explain the analysis plus point related to the effects of ww1
the only reason this happened was because america put tariff on european goods so it can be considered that america was the reason for their own downfall
name 2 knowledge points from the weakness of the banks
lack of regulations on banks
hundreds of small state banks
by the end of 1920s 20% of the banks had closed down
name 2 knowledge points from the weakness of the banks
lack of regulations on banks
hundreds of small state banks
by the end of 1920s 20% of the banks had closed down
explain an analysis point related to the banks weakness
the banks couldn’t handle the demand and without any banks the country fell into ruin
explain an analysis plus point related to the weakness of banks at the time
it should be noted that some banks were still running and a very small percent of the american people managed to keep control of their funds at the time
name the four factors of obstacles to black americans achieving civil rights before 1941
legal impediments
voting restrictions
KKK
divisions in the black community
prejudice and racism
name 2 knowledge points from legal impediments
jim crow laws- no black barber shall cut white hair
separate but equal case- homer vs plessy case 1896
