usa crash - new deal Flashcards
who was the president at the time of the crash
hoover - a republican
what did hoover do to counter the crash
harvey smoot act 1930 - inceased tariffs by 50%, made 300$ million available to businesses but only gave out 30$ million
what and when was the bonus army march
20k veterans marched on washington demanding their bonus for fighting in ww1
breadlines what
where unemplyed people waited in lines for free food, in nyc ymca sold 12000 in one day
who made the new deal
roosevelt
what was roosevelts slogan
action and action now
what did hoover believe
crash was short term
rugged indivisualism
laissez faire
the new deal when
1933-44
new deal change 1
emergency banking act - clsoed banks for 4 days and were inspected , when reopened, people put their money back in
new deal change 1 ==
more banks lent more money to expanding businesses which made more jobs
change 2
cut the pay of everyone working in the government by 15%,
change 2 ==
saved nearly 1 billio $
change 3
prohibition ended!
beer act
change three ==
the gov could now tac alcohol
wjay did the new deal make
alphabet agencies
what was the agricultural adjsutment act
farmers were paid to destroy their crops
demand went up, prices went up
nra national recovery administration
encouraged fair working conditions and pau
workers should have the right to join a trade union
2.5 million firms , 22 million workers joined
how many firms joined the nra
2.5 million
how many people joined the nra
22 million
name three alphabet agenies
AAA, NRA,CWA
what was the cwa
civil works administration
created jobs for hte uneplyoed like architects builders and even artists
== 4 million men
how many men employed in cwa
4 million
successes of the new deal for farmers
rose the proce of crops and lent money to farmers
successes of the new deal for african americans
200,000 foudn jobs at the ccc
what was the ccc
civiilain conservation corps - emplyed 18-25 year olds to plant trees dig canals
ended malaria by eradicating mosquitoesq
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
failures of the new deal for african americans
the ccc continued to discriminate and campsites were segreagted
why did fdr not counter racism
HE WAS AFRIAD OF LOSING SOUTHERN SUPPORT
what happedned in 1936 to the aa funding
he cut the funding and this meant 3 million jobs were lost
failures of the new deal for unions
3 million days were lsot due to strieks , by 1932, this rose to 15 million
what was unemployemt at 1938
10.5 million
1930 one in whatr were unemplyed
1 in 10 people were still unempliyed after the new deal
failures of the new deal for nra wages
set mens wage sto 1000$ adn women to 565$
failures of the new deal dust bowl
where a storm of dust wnet over the usa and caused the soil to become infertile
who opposed the new deal republicans
believed in rugged individualsim and that fdr was becoming a dictator
who opposed the new deal the rich
didnt like the higher taxes
who opposed the new deal BUSINESSE
didnt like the union encouragement or minimum wages or th einvolvement
who opposed the new deal father coughlin
broadcast ideas on radio- 40 million listneners and proposed to nationalise all banks
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
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
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
how much did shareholders lose in the crash on black thursday
$8 billion
how many banks went bankrupt in 1929 alone
659
how many shares were lost on black thursday
16 million
how many stocks were sold daily on the stock exchange before the crash
13 million
how was the crash bad for factory owners
in 1927, 4.5 million bought cars, by 1930, they couldnt sell a quarter of that
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
