The Development Of The USA ~ 1929-2000 (Economic downturn and recovery)
The Development Of The USA ~ 1929-2000 (Economic downturn and recovery)
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When was the Wall St Crash ?
October 1929
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What was the Wall St Crash ?
Panic selling of shares leading to loss in confidence in US stock markets. Causing the Great Depression which led to rising unemployment , Hoovervilles , farms being shut down and poor family life
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What did the Republicans do to try and deal with the Depression ?
Gave $2billion to banks , $300million to help unemployment and set up 12 banks to build new homes. But it was too little and lost support over ‘Bonus Army’
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What percentage of the population got no income ?
25%
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What did the Alphabet Agency EBA do ?
Government closed banks and only opened ones that could be trusted
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What did the Alphabet Agency CCC do ?
Provided 6 months of work for unemployed men
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What did the Alphabet Agency PWA do ?
Spent $3,300million on public works projects (homes , hospitals , schools , roads) giving unemployed jobs
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What did the Alphabet Agency TVA do ?
Built dams across Southern USA
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What did the Second New Deal do ?
Created more jobs , introduced minimum wage and better social security like pensions and unemployment benefits
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Other cards in this set
Card 2
Front
When was the Wall St Crash ?
Back
October 1929
Card 3
Front
What was the Wall St Crash ?
Back
Card 4
Front
What did the Republicans do to try and deal with the Depression ?
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