usa crash - new deal Flashcards

1
Q

who was the president at the time of the crash

A

hoover - a republican

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2
Q

what did hoover do to counter the crash

A

harvey smoot act 1930 - inceased tariffs by 50%, made 300$ million available to businesses but only gave out 30$ million

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3
Q

what and when was the bonus army march

A

20k veterans marched on washington demanding their bonus for fighting in ww1

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4
Q

breadlines what

A

where unemplyed people waited in lines for free food, in nyc ymca sold 12000 in one day

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5
Q

who made the new deal

A

roosevelt

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6
Q

what was roosevelts slogan

A

action and action now

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7
Q

what did hoover believe

A

crash was short term
rugged indivisualism
laissez faire

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8
Q

the new deal when

A

1933-44

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9
Q

new deal change 1

A

emergency banking act - clsoed banks for 4 days and were inspected , when reopened, people put their money back in

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10
Q

new deal change 1 ==

A

more banks lent more money to expanding businesses which made more jobs

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11
Q

change 2

A

cut the pay of everyone working in the government by 15%,

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12
Q

change 2 ==

A

saved nearly 1 billio $

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13
Q

change 3

A

prohibition ended!

beer act

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14
Q

change three ==

A

the gov could now tac alcohol

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15
Q

wjay did the new deal make

A

alphabet agencies

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16
Q

what was the agricultural adjsutment act

A

farmers were paid to destroy their crops
demand went up, prices went up

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17
Q

nra national recovery administration

A

encouraged fair working conditions and pau
workers should have the right to join a trade union
2.5 million firms , 22 million workers joined

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18
Q

how many firms joined the nra

A

2.5 million

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19
Q

how many people joined the nra

A

22 million

20
Q

name three alphabet agenies

A

AAA, NRA,CWA

21
Q

what was the cwa

A

civil works administration
created jobs for hte uneplyoed like architects builders and even artists
== 4 million men

22
Q

how many men employed in cwa

23
Q

successes of the new deal for farmers

A

rose the proce of crops and lent money to farmers

24
Q

successes of the new deal for african americans

A

200,000 foudn jobs at the ccc

25
what was the ccc
civiilain conservation corps - emplyed 18-25 year olds to plant trees dig canals ended malaria by eradicating mosquitoesq
26
idnian reserce act 1934
allowed native americans to anage their own affairs such as law courts incrwased the land avaailbe and gave laons so they could buy land and farming equipment
27
failures of the new deal for african americans
the ccc continued to discriminate and campsites were segreagted
28
why did fdr not counter racism
HE WAS AFRIAD OF LOSING SOUTHERN SUPPORT
29
what happedned in 1936 to the aa funding
he cut the funding and this meant 3 million jobs were lost
30
failures of the new deal for unions
3 million days were lsot due to strieks , by 1932, this rose to 15 million
31
what was unemployemt at 1938
10.5 million
32
1930 one in whatr were unemplyed
1 in 10 people were still unempliyed after the new deal
33
failures of the new deal for nra wages
set mens wage sto 1000$ adn women to 565$
34
failures of the new deal dust bowl
where a storm of dust wnet over the usa and caused the soil to become infertile
35
who opposed the new deal republicans
believed in rugged individualsim and that fdr was becoming a dictator
36
who opposed the new deal the rich
didnt like the higher taxes
37
who opposed the new deal BUSINESSE
didnt like the union encouragement or minimum wages or th einvolvement
38
who opposed the new deal father coughlin
broadcast ideas on radio- 40 million listneners and proposed to nationalise all banks
39
who opposed the new deal huey long
share our wealth- all persoanl fortunes of over 5 million should be shared to the public - membership reached 7.5 million people
40
who opposed the new deal dr francis townsend
said evryone over the age of 60 shoul fget a pension of 200 $ so that htyed give up their jobs and young people could get them - 5 million mmebers in 1935
41
who opposed the new deal supreme court
11/16 of alpabet agencies were decreed as unconsitituoubal as they were seen as imposing federal power on state governments
42
how much did shareholders lose in the crash on black thursday
$8 billion
43
how many banks went bankrupt in 1929 alone
659
44
how many shares were lost on black thursday
16 million
45
how many stocks were sold daily on the stock exchange before the crash
13 million
46
how was the crash bad for factory owners
in 1927, 4.5 million bought cars, by 1930, they couldnt sell a quarter of that
47
who were the losers of the boom
ordinary shareholders who lost money factor workers who lost jobs factory owners who went out of business bank managers who went out of business the rich as they lost their wealth but still had things to go back on