American People and The Boom Flashcards
(22 cards)
What was the Fordney-McCumber Act?
It prevented America from selling surplus goods abroad.
What happened to property prices during the Depression?
Prices of houses dramatically increased, leaving people with huge mortgages.
What was the unemployment rate in 1929 compared to 1933?
Around 5.5% of workers were unemployed in 1929; by 1933, it was 25%.
How many workers did Ford employ before and after the Depression?
Ford employed 120,000 workers, which fell to 37,000.
How many companies closed during the Depression?
100,000 companies closed.
How many people lost their homes in 1932?
¼ million people lost their homes.
What relief did many people rely on during the Depression?
Many relied on relief schemes set up by local governments and charities.
What was a significant consequence of the Dust Bowl?
Huge areas of land became a dust bowl, and no crops grew.
What was President Hoover’s approach to the economy?
He believed in Rugged Individualism, advocating that the government shouldn’t interfere.
What was the Smoot-Hawley Tariff?
It raised the price of imported goods to encourage buying US goods, but harmed recovery.
What was the National Credit Corporation?
It was meant to stop struggling banks from closing but failed as many banks didn’t want to help.
What was Roosevelt’s promise to the American people?
He promised a ‘new deal’ to provide jobs for the unemployed and help industry.
What were the three main goals of Roosevelt’s New Deal?
Relief, Recovery, and Reform.
What was the purpose of the Civilian Conservation Corps (CCC)?
It provided paid labor for unemployed young men in conservation projects.
What was the Agricultural Adjustment Administration?
It paid farmers to produce less food, which increased food prices.
What did the Social Security Act (1935) provide?
It provided pensions for Americans over 65 and unemployment benefits for workers.
What was the impact of the New Deal on Black people?
They still had the worst paid jobs and faced discrimination in New Deal projects.
What was the Supreme Court’s opposition to the New Deal?
They declared some parts of the First New Deal unconstitutional.
What did critics say about the First New Deal?
Many felt it didn’t go far enough to relieve poverty and help farmers.
What was a common criticism of the New Deal from conservatives?
They argued it made people too dependent on the government.
What was popular in cinema during the 1930s?
Talkies, which were films with sound and dialogue, became very popular.
What music genres were popular in the 1930s?
Jazz, blues, and swing were popular, with 80% of people having radios.
