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History > Great Depression and New Deal > Flashcards

Great Depression and New Deal Flashcards

1
Q

US economic growth

A

1920-1929 GNP 73 billion to 104 billion
Average growth rate of 2%
Unemployment kept under 3.7%

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2
Q

Techonological Breakthrough

A

1900-1920, every city built electric power transit

First car 1889, Model T 1909

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3
Q

Coolidge’s taxation policy

A

Revenue Act 1926 dropped top maginal rate from 46 to 25%

3.5 billion corporate tax reduction

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4
Q

Coolidge’s regulations

A

Federal Trade Commission unwilling to operate

Ignore long hrs, little wage, child labour

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5
Q

Coolidge foreign policy

A

Fordney McCumber Tariff 1922 38% on goods

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6
Q

Growth of large corporation

A

Du Pont 31,000 in 1920

Ford River Rouge 68000

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7
Q

Ford and mass production

A

Cost of each car dropped from 950 to 290 in 1925

1927, 15 million produced total. 1 every 10 seconds

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8
Q

Growth of automobile industry

A

employed 7% of industrial workers and 9% of wages

80% of petrol, rubber, 70% of glass

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9
Q

Natural resources and infrastructure in US

A

10,000 miles of highway per year

Coal in West Virginia, Penn, Oil in Texas Penn

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10
Q

Advertisement using radio and cinema

A

17,000 cinemas by 1928 with 10 cent tickets

618 radio station by 1928 undder National Broadcasting Company and Columbia Braodcasting system

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11
Q

Growth of credit

A

1929 7 billion worth of goods

75% of cars, 50% of household appliances

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12
Q

US foreign market

A

Fireston corportation Liberia rubber field
1927, 85% of tractors in USSR
Private investment to 17.2 billion in 1930

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13
Q

Agricultural price drop and population loss

A

Wheat fell from 2.5 to 1 per barrel
13 million acres halt production
5% population loss correpsonded to 9% production rise

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14
Q

Coolidge agricultrual policy

A

Capper Volstead Act 1923 farming corporations
Agricultural Credit Act 1923 fed banks to cooperative
McNary Haughen Bill (buy surplus and sell as export) vetoed

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15
Q

Coolidge Trade Union

A

Supreme Court blocked attempts to ban child labour
1922 Railroad strike fed judge declare illegal
1910-30 Union memebers froppped from 8.5 to 7.1%

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16
Q

Coolidge AfricanA and NativeA

A

85% in South as sharecropper

Harlem population rose from 50,000 to 165,000 1914-1930

17
Q

Coolidge AfricanA and NativeA

A

85% in South as sharecropper
Harlem population rose from 50,000 to 165,000 1914-1930
Allotment broke land into 160 acres
90 million acres out by 1932 from 138 million

18
Q

Rise of immigration

A

1 in 60 rejection rate
1907, 1.285 million migrants
By1900, half of Chicago, 80% of NY

19
Q

Coolidge migration policy

A

1919 Palmer Raids 5600 deported

1924 Johnson-Reed Immigration Act naional origin quota of 2%

20
Q

Failure of prohibition

A

Land border only 3000 Treasury agents

Al Capone worth 27 million

21
Q

Rise of KKK

A

Maine’s anti-klan attorney general Pattangal defeated in 1924 election
Hugo Black Surpreme Court Justice
Impeached anti-klan governor in Oklahoma
4 million peak 1924 to 200,000 1929

22
Q

Great Crash 24 Oct Thursday

A

24th October 1929 12.8 million shares changed hands and value fell by 4 billion
US steel205 to 193

23
Q

Saving Stock Market

A

6 bankers to buy 40 million shares

24
Q

29th October 1929

A

16 milion shares sold

Dow Jones fell by 11%

25
Q

Income Inequality

A

60% of families’ income less than 2000

Bottom 40% had 12.5% of wealth while top 5% had 33%

26
Q

Florida Land boom

A

970,000 to 1.2 million in 1925 10% binder deposit

Phony town of Nettie

27
Q

Stock exchange speculation

A

500,000 shares to 1.1 million 1925-1929

10% deposit to buy on margin

28
Q

Problems with banking system

A

1921-1928 5000 banks went out of business

1/3 of 30,000 banks under juridction of F.R.B

29
Q

GD on economic figures

A

GNP fell from 103 billion to 55 bilion 1929-1933
weekly earning fell from 25 to 17
OPL fell 25%

30
Q

GD on manufacturing and industries

A

coal workfroce fell by 300,000 while steel and iron halved
Car sales fell from 4.5 million to 1 million 1929-1933
Contracts fell from 6.6 to 1.3 billion

31
Q

Bank Closure

A

9000 from 1930-33

32
Q

Hoboes

A

1 to 2 million by 1932

33
Q

Rural Poverty

A

19% 1929 to 41% 1936 forced famr sales

34
Q

Hoover’s agricultural policy

A

1929 Agricultural Makreting Act — Federal Farm Boad has 500 million
Grain Stabilisation Corop paid for 82 cents per bushel while price dropped to 40 cents

35
Q

Hoover’s foreign policies

A

Hawley Smoot Tariff 1930 40% on goods

18 month debt moratorium

36
Q

Hoover’s relief programme

A

1932 500 million for relief
Federal Home Loans Act to provide mortgage credit up to 50%
Reconstruction Fiance Corp 2 billion to rescue banks…

37
Q

Results of RFC

A

90% of loans went to small or medium

History (5 decks)

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