Failures Of New Deal

Question 1

Recession

Answer 1

1937-38, unemployment 14%-19%, damages confidence in ND and FDR, due to cuts in ND funding

Question 2

Unemployment still high

Answer 2

20% in ‘35, 17% in 1939

Question 3

Recovery slow

Answer 3

Ppl 75% of 1920s levels, confidence still low, production levels still low

Question 4

Massive gov debt

Answer 4

$34B debt b/c of ND, huge gov spending puts pressure on gov funds

Question 5

Underlying causes of depression not fixed

Answer 5

Still farming problems, unemployment still high, world trade still low, inequality continues, confidence still low