The achievements of the New Deal 1933-1941 Flashcards Preview

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Flashcards in The achievements of the New Deal 1933-1941 Deck (8)
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1
Q

Economic effects of the New Deal 1933

A

Roosevelt was reluctant to spend excessively on federal projects, which led to reduction of the budget deficit over the course of Roosevelt’s presidency.

2
Q

Deficit reduction because of the New Deal 1933

A

In 1938, the deficit was lower than the $2.5 billion deficit Hoover had run up in 1932

3
Q

The New Deal 1933

• The national total of personal income - a failure

A

The national total of personal income stood at $86 billion in 1929 and only $73 billion in 1939.

4
Q

The New Deal 1933

• Wages - Partial success

A

Wages averaged $25.03 per week in 1929 and $23.86 ten years later

5
Q

The New Deal 1933

• Unemployment

A

In 1933, 18 million Americans were unemployed

In 1939, 9 million were still out of work

6
Q

Roosevelt Recession 1937

A

A return to higher unemployment with 19% of the workforce jobless in 1938

7
Q

Why did unemployment fell in the early years of the New Deal?

• 1935

A

Due the the amendment of the 1925 Neutrality Act wherein belligerents could buy from the USA.

8
Q

Social effects of the New Deal 1933

• The impact of the Social Security Act

A

It was financed through contributions paid by recipients and set up a national system of old-age pensions and unemployment benefits for the first time.

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