exam 1, the great depression Flashcards
(29 cards)
unequal distribution of wealth
causes for great depression
high tariffs interfered with flow of goods between countries
causes for great depression
high war debts
causes for great depression
overproduction (industry and ag)
causes for great depression
consumers lacked sufficient funds to purchase outputs
causes for great depression
worked wages failed to keep up
causes for great depression
international trade declined
causes for great depression
inconsistent monetary policy
causes for great depression
bankers made unsound loans
causes for great depression
“get rich quick” bid up the prices of real estate and stocks
causes for great depression
stock market crash in oct. 1929
causes for great depression
hunger, poverty, unemployment
effect of great depression
worldwide economic crisis
effect of great depression
democratic victory in 1932 election
effect of great depression
roosevelt’s new deal
effect of great depression
the us no longer had a forntier with its economic oppertunities
why the GD was so severe
the us economy had become primarily industrial
why the GD was so severe
depressions were not limited to the US, occurred worldwide.
why the GD was so severe
managed deficit spending/budeting
new deal
set up public works administration
new deal
reformed banks and social sucurity
new deal
controlled production (ag. )
new deal
encouraged consumption and promoted mass purchasing powers
new deal
instilled optimism for Americans
new deal
