Controversy 1 - Why did the USA suffer such a serious depression in the years 1929-33?

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What is the traditional view?
The depression was down to international problems and Hoover
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What is the revisionist view?
The depression was down to Hoover
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What is the post-revisionist view?
The depression was down to a wide range of factors
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What did Hoover agree to sign in June 1930?
Hawley Smoot Tarrif
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How much did Hawley-Smoot tariff raise imports too?
40%
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What did Hoover do with the economy in 1931?
Reduced government speding
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What did Hoover do to the economy in 1932?
Supported sharp increases in taxes
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Why did the Veteran's Bonus March almost destroy Roosevelt?
He used tear gas, tanks and machine guns against the protesters
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How many banks were under the Federal Reserve Board?
1/3
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What percentage of money fell in circulation between 1929-33?
33%
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How many banks collapsed in 1929?
629
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Global value of business fell to ____ in 1929?
$12
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Wheat prices fell in the 1920's from....?
$2.50 to $1
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How much did farm production fall by?
40%
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How much did farm wages fall by?
60%
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What was the uneployment rate in 1933?
25%
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Other cards in this set

Card 2

Front

What is the revisionist view?

Back

The depression was down to Hoover

Card 3

Front

What is the post-revisionist view?

Back

Preview of the front of card 3

Card 4

Front

What did Hoover agree to sign in June 1930?

Back

Preview of the front of card 4

Card 5

Front

How much did Hawley-Smoot tariff raise imports too?

Back

Preview of the front of card 5
View more cards

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