NEW DEAL FACT TEST

When was Black Tuesday?

29th October 1929

The 24th October, 1929 is known as what day?

Black Thursday

Around how many investors were speculators?

600,000

In the decade before the Crash, how banks failed per annum?

500 banks

What are the five causes leading to the Wall St. Crash?

Exports, Overproduction, Uneven distribution of income, Economic slow-down and the actions of speculators

Hoover believed too much intervention would damage the spirit of American what?

Self-reliance

How many shares were traded on 29th October, 1929?

Around 16 million

In 1929, how many banks failed?

695

Average wages in the industrial and farming sectors fell by what %?

60%

In 1933, nearly how many million Americans were unemployed?

Around 13 million.

Provide two ways in which the New Deal attempted to solve the problems of the Depression.

Reduce unemployment. Resettlement. Revive confidence in the economy. Solve the problems of banks.

Name the three core aims of the New Deal and define them.

Relief - Assistance to the unemployed and poverty stricken, feeding the starving and stop the loss of homes or farms. Recovery - Revive the American economy. Reform - To create a more fair and just society by introducing measures such as unemployment insurance and old-age pensions and to help the sick, disabled and 'needy'.

Provide two reasons why the AAA was a success for the agricultural industry

Increasing Prices and Incomes Doubled

The Resettlement Administration of 1935 aimed to move how many families to better land?

500,000

By 1931, US international trade had reduced from $10 billion in 1929 to what?

$3 billion

Give two reasons why the New Deal was unsuccessful.

Failed to solve unemployment. Many Americans remained on low incomes in the 1930s. Limit in exports. The Supreme Court ruled some acts as unconstitutional. Pressure from Republicans.

What did the Civilian Conservation Corps (CCC) do?

Around 3 million 18-25 Y/O men signed up for six months work, living in government camps carrying out conservation work such as new forests and roads.

The PWA spent how much between the years 1933 and 1939?

$7 billion

The Tennessee Valley Authority covered how many states?

7

In what year did FDR cut the New Deal budget?

1937

What does the NIRA stand for and what did it aim to do?

National Industrial Recovery Act. Use government money to build public amenities and improve working conditions.

Why was the Tennessee Valley Authority a success?

Built 33 dams which irrigated dried-out lands. Provided electricity for the undeveloped areas. Created thousands of jobs in an area badly hit by the Depression.

What was significant about the Works Progress Administration of 1935?

Was part of the Second New Deal. Gave work to two million people. Put people to work on building roads, schools, sewers, and other public buildings. Created projects for artists, writers and musicians and brought together all the organisations that were creating new jobs.

What did the Wagner Act of 1935 support?

Supported the rights of workers to form trade unions and negotiate pay and conditions. This outlawed a number of unfair practices used by employers to prevent union development such as firing.

The NIRA splits into what two organisations in its attempt to solve unemployment?

The Public Works Administration and The National Recovery Administration.

By 1932 how many local authorities ran out of money?

100+