Was The New Deal A Success Flashcards
Relief
Success
FERA-dole and work relief (CWA + CCC)
1/5 of people received some sort of relief
WPA
Social security
By 1930 states were spending 9m on relief-this grew to 479m in 1940
Relief
No
FERA was insufficient
CWA ran out of money within 4 months and undermined private industry and went against NRA codes
Relief was distributed but had issues in race and humiliating means tests
Almost 9.5m people were still unemployed in 1939
Recovery
Yes
The Fed Reserves industrial production index more than doubled between 1932 and 1936
GNP grew by 8% a year between 1933-1937
Most industries had made significant gains over 1929 output
PWA created roads, schools and airports
TVA
Value of farm products increased by from 4b to 7b in 1936
WPA
Recovery
No
Roosevelt recession 1937
Unemployment remained between 16-20% for the 30s
NRA
AAA
federal debt grew from 22.5b in 1933 to 40.5b in 1939
USA was the slowest country to recover from the depression
Reform
Yes
Social security EBA and SEC FDIC Investment and commercial banking separation Wagner act CIO
Reform
No
Poor record for prosecution of trusts
The republicans doubled their seats in the House of Representatives during 1938
Court packing failed