paragraph 2 Flashcards
1
Q
benchmark
A
1932, 250,000 americans falling behind mortgage.
2
Q
knowledge
A
- Agricultural adjustment act 1933, payer farmers subsidies to in turn shoot up prices.
- glass stealgull act 1933, bank officials prohibited from taking loans out of their own banks.
3
Q
analysis
A
- $4.5 billion to $6.9 billion farm income increase in 1935
- new banking stability, people trusted banks again
4
Q
analysis +
A
the AAA was less successful as it only provided for wealthy farmers who were able to afford to put their production on hold, and was at the expense of tenants + stockbrokers.
5
Q
evaluation
A
recovery not achieved - paul johnson “If interventionism worked, it took nine years and a world war to demonstrate that fact.” The new deal had not done enough. Changes still being made to reform america.
