Depression and the New Deal - USA 1929-41

andysan64
Mind Map by andysan64, updated 9 months ago
165
11
0

Description

An overview of that section, with key statistics.
Tags

Resource summary

Depression and the New Deal - USA 1929-41
1 How serious was the Depression for the American people?
1.1 Background
1.1.1 Import and export
1.1.1.1 Tariff war
1.1.1.1.1 Other countries raised tariffs to protect own economies
1.1.1.2 Gold Standard
1.1.1.2.1 Links exchange rate of a country's currency to the amount of gold in that country.
1.1.1.2.2 Countries abandoned Gold Standard because exchange rates were ridiculously high
1.1.1.2.2.1 Helped foreign economies by making American goods more expensive
1.1.1.2.2.1.1 Damaged USA's economy
1.1.1.2.2.2 Pound fell from $4.86 to $3.50
1.1.2 Collapse of business and industry
1.1.2.1 US exports fell - $10bn in 1929 to $3bn in 1932
1.1.2.2 Industrial production fell 40%, 1/3 of farmers lost their farms
1.1.2.3 Sales fell 50%, wages 60%
1.1.2.4 Unemployment rose from 1.6m in 1929 to 12.1m in 1932 (2.3% fo the workforce to 23.6%)
1.1.3 Timing
1.1.3.1 Key weaknesses in economy
1.1.3.1.1 Overproduction
1.1.3.1.2 Unequal distribution of wealth
1.1.3.1.3 Tariff policy
1.1.3.1.4 Financial speculation
1.1.4 Indebtedness of the economy
1.1.4.1 Shares had been bought 'on the margin'
1.1.4.1.1 Businesses which had lost money sacked people
1.1.4.1.1.1 They defaulted on loan payments
1.1.4.1.1.1.1 Banks went bankrupt
1.1.4.1.1.1.1.1 Banks called in loans, especially overseas
1.1.4.1.1.1.1.1.1 American depression became global depression
1.1.4.1.1.1.1.1.1.1 Global imports fell from $125bn in 1929 to $35bn in 1933
1.1.4.1.1.1.1.1.2 Other countries were dependent on American loans
1.1.4.1.1.1.1.1.2.1 1924-1928 $6bn lent abroad
1.2 Human effects of the Depression
1.2.1 Unemployment
1.2.1.1 Reached 25% in 1933
1.2.1.2 Black people hit worst
1.2.1.2.1 In Charleston on 1931, 70% of black people of working age were unemployed. It was 75% in Memphis.
1.2.1.3 Many people became hobos.
1.2.2 Homelessness
1.2.2.1 No dole payments
1.2.2.2 In 1932, 1/4m people became homeless
1.2.2.3 Set up shanty towns called 'Hoovervilles'
1.2.3 The Bonus Army
1.2.3.1 The army had been promised a 'bonus' in 1945 after WW1.
1.2.3.1.1 In 1932, 20,000 war veterans set up a Hooverville outside the White House to protest against the governmen's refusal to pay up front.
1.2.3.1.1.1 Troops used tanks and tear gas to clear them, and killed 2
1.2.3.1.1.1.1 About 1000 injured
1.2.4 Help from charities
1.2.4.1 Al Capone provided food in Chicago
1.2.4.2 Soup kitchens, bread kitchens, or cheap food centres
1.2.5 Farmers
1.2.5.1 Because no-one was buying, prices dropped so low it wasn't profitable to harvest
1.2.5.2 1930 dust bowl due to overfarming
1.2.5.3 Many moved to California
1.2.6 Limits to the Depression
1.2.6.1 Empire State Building - 1931
1.2.6.1.1 Hoover Dam -1936
1.2.6.1.1.1 Golden Gate Bridge - 1937
1.2.6.2 'New Industries' prospered
1.3 Hoover and the Depression
1.3.1 The 1932 presidential election
1.3.2 Rugged Individualism
1.3.2.1 Hoover did, however, try to help
1.3.2.1.1 1930 - taxes cut
1.3.2.1.2 1932 - Emergency Relief Act to help unemployed
2 How did Roosevelt deal with the Great Depression?
2.1 The New Deal
2.1.1 The 'Hundred Days'
2.1.2 Ending the banking crisis
2.1.3 Agriculture
2.1.4 Industry
2.1.5 Unemployment
2.1.6 The young
2.1.7 Other measures of the New Deal
2.1.8 The Tennessee Valley Authority
3 How far was the New Deal successful in ending the Depression in the USA?
3.1 Opposition to the New Deal
3.1.1 The Supreme Court
3.1.2 More opponents
3.2 The Second New Deal
3.3 Was the New Deal a success?
3.3.1 The Second World War
Show full summary Hide full summary

Suggestions

The Cold War-1960
Elizabeth BeHage
Truman Doctrine, Marshall Plan, Cominform and Comecon
Alina A
The Weimar Republic, 1919-1929
shann.w
3. The Bolshevik's Seizure of Power
ShreyaDas
GCSE History – Social Impact of the Nazi State in 1945
Ben C
Weimar Revision
Tom Mitchell
History of Medicine: Ancient Ideas
James McConnell
Conferences of the Cold War
Alina A
Using GoConqr to study History
Sarah Egan
Hitler and the Nazi Party (1919-23)
Adam Collinge
Britain and World War 2
Sarah Egan