USA topic 1- ECONOMIC DOWNTURN AND RECOVERY Flashcards
1
Q
What was the negative slogan people created about Hoover?
A
In Hoover we trusted, now we are busted
2
Q
Which 3 measures did Hoover introduce in 1932 to relieve the crisis?
A
Reconstruction Finance Corporation- 2 million dollars financial aid to ailing banks, insurance companies and railways
Emergency Relief Act- gave 300 million dollars to state governments to help unemployed
Home Loan Bank Act- 12 regional banks set up to stimulate house building and home ownership
3
Q
How many people were employed in the CCC?
A
2.5 million
4
Q
How was the AAA successful?
A
The income of farmers doubled
5
Q
Which two acts of the new deal were ruled as unconstitutional by the Supreme Court?
A
AAA and NRA
