4.2 Economic Developments Between World War I and World War II

The 1920s saw the reduction of _____________ and increasing production efficiencies.

Taxes

Countries responded to American ________ placed on imports, resulting in fewer sales of American goods overseas.

Tariffs

Investors ____________ by pouring money into stocks with no regard for a company's true value.

Speculated

As the government did not yet insure bank deposits, ___________cost many Americans their life savings.

Bank Failures

The ____________ policy of low interest rates encouraged banks to make risky loans and businesses to overproduce.

Federal Reserves

With over _______ of the workforce unemployed, average family income declined.

1/4

Why were people of Mexican descent repatriated to Mexico during the Great Depression?

Financially strapped city and state governments hoped that removal of immigrants would free up jobs and reduce the number of needy families requiring assistance.

President __________ rejected giving direct aid to struggling Americans.

Hoover

President Roosevelt embarked on the _____________ during which he won passage of 15 major acts to ease the economic crisis.

First Hundred Days

What two radically different plans did Roosevelt's critics offer?

Business leaders wanted Roosevelt to reduce spending/Critics wanted Roosevelt to raise taxes on the wealthy and wanted to increase spending to assist the lower classes.