the 1930's Flashcards
How many Banks Collapsed in the First Year of the Depression?
800 banks collapsed in the first year
When was the Emergency Banking Act?
March 1933 Emergency Banking Act - FDR first act as President
How much did Industrial Production fall under President Hoover?
Industrial production dropped by 45 percent between 1929 and 1932.
How much did House Building fall under President Hoover?
House-building fell by 80 percent between 1929 and 1932
How did the AAA attempt to help farmers?
AAA gave $120 million to farmers in return for cutting their output
How many States did Hoover and FDR win in the 1932 Election?
Roosevelt wins 42 states compared to Hoover’s 6.
What was the Biggest Protest March against Hoover and what did they want?
The biggest protest march was by the Bonus Army in 1932.
The First World War veterans demanded early payment of their $1,000 war bonuses, which were not due until 1945
What were the Three ‘R’s?
Roosevelt had three basic aims which directed his actions:
Relief: Help the victims of the Depression. Millions of ordinary Americans faced unemployment, hunger, and poverty. Roosevelt was determined to help them.
Recovery: Encourage economic recovery. The Depression was a disaster for America. Roosevelt knew that he had to take action to encourage recovery, to get the nation back to work.
Reform: Reform the economic system. The whole economic system would have to be altered so that there would never again be a Depression as bad as the 1930s.
True or False: Throughout the 1930s America’s Gross National Product (GNP) steadily rises.
TRUE: This is the total value of all goods and services produced within a country, plus income earned by citizens
True or False: Many Alphabet Agencies continued to discriminate against African-Americans
TRUE: CCC campsites were segregated and African-Americans were not allowed to live in the newly built town of Norris in the Tennessee Valley. Roosevelt refused to take steps to end discrimination.
