Why was there not a demand for all the goods being produced in the late 1920s?
Stagnant wages for workers, income inequality, and saturation (exceeding demand) of the market
Why did American farmers experience the pain of underconsumption a full decade before other American industries began to suffer?
American farmers suffered a premature depression in the 1920s due to a post-World War I collapse in demand, having overexpanded production to feed Europe. While urban industries boomed, farmers faced chronic underconsumption, massive debt from wartime expansion, and plummeting commodity prices.
How did family units change in the 1930s as a result of the Great Depression?
Family units changed in the 1930’s as result of the Great Depression by having delayed marriages, declining birth rates, and increased desertion rates. Men lost jobs and women increasingly entered the workforce as well.
What were the objectives of the Social Security Act?
It primarily wanted to establish a federal safety net, offering old-age benefits, unemployment compensations, and aid disabled individuals.
What were the causes of the Great Depression?
Stock Market Crashes, Widespread Bank Failures, Smaller Money Supply, Decrease in Consumer Spending.
What was the Reconstruction Finance Corporation established to do in 1932?
It was created to provide emergency, hold loans to banks, railroads, mortgage associations, and agricultural organizations
What topics did John Steinbeck’s novel “The Grapes of Wrath” discuss?
it discussed the topics of discrmination of migrants-okies- and "extreme poverty, capitalist exploitation, the collapse of traditional farming, human resilience, the necessity of collective action, and the struggle for dignity amidst environmental and economic catastrophe"
Which New Deal programs have had lasting impacts til present day?
The social security act, the FDIC (banking security), SEC (Stock market regulation), and NLRB (national labor relations board)
How did investors respond to the bear market in 1929, and what was the effect of this response
Investors began selling mass amounts of their stocks or “Panic Selling” after recognizing that the market was unstable. This resulted in a mass amount of bank runs and consumer spending to decline.
What happened during the First Hundred Days?
During the first hundred days of FDR’s presidency he passed a lot of laws that helped struggling Americans. He closed failing banks, reopened safe banks, helped farmers and homeowners, and used government programs to create new jobs. This was known as the new deal.
How prevalent was malnutrition among children at the peak of the Great Depression?
Malnutrition was the most prevelant during the peak of the great depression. Starting in 1932 20-25% of children suffered with health issues that were diet related. Due to poverty malnutrition continued to grow.
What was the primary goal of the Wagner Act?
protect workers' rights to organize, form unions, and bargain collectively with employers.
What was the main contributor to many banks failing between 1930 and 1933?
The lack of trust in banks, resulting in massive bank runs. People’s withdrawals caused a liquidity crisis, causing banks to become insolvent and close
What was President Hoover’s response to the Bonus Army’s occupation of Washington, D. C.?
President Hoover’s response to the Bonus Army’s occupation of Washington D.C was to send in the military to clear out the camps. This caused General McArthur to use force to rid D.C of the protestors.
How did New Deal programs like the Civilian Conservation Corps and the Works Progress Administration provide relief to the needy?
the ccc and wpa gave immediate relief to those in poverty by creating millions of jobs, offering wages, and improving infrastructure. Ccc focused on men and wpa employed people in public construction
What happened to divorce rates during the Great Depression?
Divorce rates dropped significantly. Not due to happier marriages but because people couldn’t afford court to separate or they couldn’t afford separate housing.
What happens to stock prices in a bull market? Bear market?
In a bull market, stock prices rise consistently for years, going up twenty percent or more after a consistent low. On the other hand, a bear market is the opposite. The stock prices fall/drop twenty percent or more in a short period of time!
What happened to the prevalence of malnutrition, evictions, and foreclosures?
During the Great Depression, malnutrition, evictions, and foreclosures increased due to rising unemployment and starvation deaths in cities. Farms had also faced foreclosure as evictions doubled, causing widespread homelessness. Birth rates and divorce rates went down.
What happened to Roosevelt's court-packing plan?
Failed to pass Congress after intense backlash from the public. Congress voted to reject the president’s plan.
How did Franklin D. Roosevelt utilize fireside chats?
FDR utilized fireside chats as a series of around 30 informal radio addresses delivered between 1933 and 1944. They were intended to give Americans hope and to support the president’s proposals.