Buscar
Estás en modo de exploración. debe iniciar sesión para usar MEMORY

   Inicia sesión para empezar

level: Level 1

Questions and Answers List

level questions: Level 1

QuestionAnswer
Rugged individualisman individual is self-reliant and independent from outside, usually state or government, assistance
The great depression affected B.I.A.S what does this acronym stand for?Business, Industry, Agriculture, Stocks/Shares
General Electric (big US company) saw its income and employees fall between 1930 and 1932:$60.5 million to $14.17 million, Employees 88,000 to 41,000
Traditional industries such as coal mining and textileswere in a state of decline prior to the great depression.
Growing unemployment led to adecrease in sales of new consumer goods.
By 1927 the majority of people who could buys carshad already done so, and the demand for vehicles plummeted.
A "Hooverville" wasa shanty town built during the Great Depression by the homeless in the United States of America.
Hoover was aRepublican
Hoover was president between1928-1933
Volunteerism was a guiding ideology of Hoover meaning:voluntary act of an individual or group freely giving time and labour for community service
A balanced budget isa budget in which revenues are equal to expenditures.
Hoover once said the major job of the government wasto bring about a condition of affairs favourable to the beneficial development of private enterprise
Hoover was happy to supply indirect aid to banks or local public works projects, but he refused to use federal money for direct aid to citizensbut he refused to use federal money for direct aid to citizens
laissez faireeconomic system in which transactions between private groups of people are free from any form of interventionism from government.
Hoover supported laissez faire policiesTrue
Hoover wanted to give citizens in American direct financial aidFalse
Trickle Down Economicseconomic policies that favor the upper income brackets, corporations, and individuals with substantial wealth or capital.
Rugged individualisman individual is self-reliant and independent from outside, usually state or government, assistance
In 1931Hoover cancelled war debts to the USA, hoping that more American goods would be bought. But it made little difference.
American exports in 1932were less than a third of the 1929 total.
In 1929659 US banks failed.
In 19301,352 US banks failed.
Another 2294 banks went bankruptin 1931.
Between 1928 and 1933 both industrial and farm production fellby 40% and average wages fell by 60%.
By 1933 there were14 million unemployed, and 5,000 banks had gone bankrupt.
The USA’s international trade was drastically reduced from$10 billion in 1929 to $3 billion in 1932.
The 'Dust Bowl'the drought period in the Great Plains that lasted from 1930 to 1936
The Agricultural Marketing Act1929, established the Federal Farm Board
The Agricultural Marketing Act 1929failed in supporting farmers
National Credit Corporation1931tried to stop bank failures but was unsuccessful.
The Federal Home Loan Bank Act 1932successfully strengthened the housing market and was strengthened by FDR in 1933.
The Emergency Relief and Construction Billwas vetoed by Hoover in 1932
In 1929 unemployment stood at3.2%
In 1930 unemployment stood at8.9%
In 1931 unemployment stood at16.3%
In 1932 unemployment stood at24.1%
The only product made by General Electric not affected by the Great Depression waslight bulbs.