USA Essay 2

Question 1

Essay title

Answer 1

to what extent was blah the main reason for the economic crisis of 1929-33

Question 2

intro background 1

1. what was America in the 1920s? How were people living?
2. More Americans were able to buy what? And invest in what?

Answer 2

1. america was the richest country in the world and people were living better than ever before
2. Luxuries such as cars and invest in stocks and share more than ever before

Question 3

intro background 2

1. what ended and what began in 1929
2. what did this lead to? What was the rise in unemployment?

Answer 3

1. the boom ended and the ‘Great Depression’ began.
2. this led to widespread suffering, unemployment rose from 3.2% (1929) to 25% (1933)

Question 4

factors?

Answer 4

overproduction and underconsumption
republican government policies
weak banking system
the wall street crash
international economic problems

Question 5

line of argument?

Answer 5

republican government policies were the main reason for the economic crisis of 1929 to 1933

Question 6

op uc KU 1

1. what were new productive methods used for
2. the ford car factory produced a car every blah in what year?
3. example of things that were now affordable and why

Answer 6

1. to mass produce consumer goods
2. every 10s in 1925
3. washing machines, cameras ext. because of the low labour costs

Question 7

op uc KU2

1. was wealth equal?
2. bottom what received what
3. the top what owned what

Answer 7

1. extremely not
2. the bottom 40% of the population received 12.5% of nation’s wealth
3. top 5% owned 33% of the nation’s wealth

Question 7

op uc analysis

1. when was there a surplus of goods? what did this cause?
2. what was the domino effect of decreasing consumption?
3. resulting in what?

Answer 7

1. 1929, the market was saturated
2. companies received less profits, so reduced work forces
3. unemployment

Question 7

op uc analysis plus

1. blah was not the important reason as…
2. wall street crash made people what
3. so it was not due to the quantity being produced due to…

Answer 7

1. op uc
2. made people very cautious in spending money
3. over production was not the main reason for under consumption

Question 8

op uc evaluation

1. uc was important because a large amount of the population couldn’t afford what
2. therefore what
3. not as important as what and why taxes

Answer 8

1. the goods that were being produced
2. demand couldn’t keep up with production
3. policies were low taxes on the rich so they got richer, not benefiting the poor.
   high levels of spending unsustainable as taxes increased wealth inequality.

Question 9

republican policies

1. how many republican prezses in a row, names?
2. what did they all believe in

Answer 9

1. harding, coolidge, hoover
2. Laissez faire view that the government should interfere as little as possible with the economy