GCSE WJEC Eduqas History – USA 100% Correct Answers Verified Latest 2024 Version
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Describe the Wall Streets Crash. -
19th October 1929-3.5 million shares bought and sold and prices began to fall quickly.
Thursday 24th October 1929-"Black Thursday",13 million shares traded and prices collapsed.
Investors lost millions of dollars.
Describe the impact of the Wall Street Crash ...
GCSE WJEC Eduqas History – USA |
100% Correct Answers | Verified | Latest
2024 Version
Describe the Wall Streets Crash. - ✔✔
19th October 1929-3.5 million shares bought and sold and prices began to fall quickly.
Thursday 24th October 1929-"Black Thursday",13 million shares traded and prices collapsed.
Investors lost millions of dollars.
Describe the impact of the Wall Street Crash on unemployment. - ✔✔
End of 1929- 2.5 million people unemployed.
End of 1930-5 million people unemployed.
End of 1931-9 million people unemployed.
End of 1932-13.5 million people unemployed.
Describe the impact of the Wall Street Crash on depression in the cities. - ✔✔
Factories began to close down.
People stopped spending.
Almost one third of the workforce was unemployed.
People lost their homes.
Some moved into Hoovervilles, some slept on the streets and others travelled the country as Hobos.
Black workers were the first to be sacked.
Black unemployment was at 50% by 1933.
White unemployment was at 20% by 1933.
Describe the impact of the Wall Street Crash on depression in the countryside. - ✔✔
Farmers went bankrupt as they couldn't sell their produce.
Drought in 1931 reduced prices and deceased output.
,Oklahoma,Colorado,New Mexico and Kansas hit worst by the drought- Know as the "Dust Bowl" 20
million hectares of land.
1 million people went to west coast for fruit-growing jobs.
From Oklahoma-"Okies"
From Arkansas-"Arkies"
Describe the impact of the Wall Street Crash on family life. - ✔✔Marriage rate fell from 1.23 million in
1929 to 982,00 in 1932.
Suicide rates rose from 12.6 per 1,000 in 1926 to 17.4 per 1,000 people.
Schools closed for 10 months of the year as there was not enough money to pay teachers.
1932-Estimated 25% of the country recieving no income.
Relied on charities such as the Red Cross.
Describe Hoovervilles. - ✔✔Slums on the outside of towns and cities.
Sarcastic name due to Hoover's lack of support and relief.
No running water or sewage system.
At peak , several hundred thousand people lived in Hoovervilles.
"Hoover Blankets"-Layers of newspaper.
"Hoover Flag"-Trouser pockets turned inside out to show lack of money.
"Hoover Wagons"-Cars with horses tied to them to show lack of money to buy petrol.
Describe the Bonus Marchers. - ✔✔First World War veterans who were promised a bonus for serving in
the war payable in 1945.
Couldn't wait that long so in May and June 1932 Bonus Expeditionary Forces , made of 12,000 veterans
marched to Washington DC.
Took wives and children with them.
Built a Hooverville outside the capital.
Would have cost $2.3 million to pay bonuses.
Congress p[aid for transport home but 5,000 refused.
Labelled communists by government.
Conflict broke out- 2 veterans killed.
, Army used tear gas- killed a baby and 100 people injured.
Describe Hoover's early policies. - ✔✔Laissez faire(leave alone) and rugged individualism when dealing
with the economy.
Met with business leaders to cut wages and production levels.
Hawley Smoot Tariff Act 1930-Protected US farmers by putting tariffs on foreign goods. Countries refused
to trade with the US.
Agricultural Marketing Act 1930- Government lent money to farmers through cooperatives which tried
to fix prices to reasonable levels.
Cut takes by $130 million.
Won congress approval of $1.8 billion for new construction and road and damn repair.
Describe Hoover's policies in 1932. - ✔✔Reconstruction Finance Corporation (February 1932)-Largest
federal aid given, $2 billion loans to banks, insurance companies and railroads,designed to last 2 years.
Emergency Relief Act(ERA,July 1932)-Provided state governments with $3000 million to help the
unemployed.
Home Loan Bank Act(July 1932)-Stimulated house building and home ownership.12 regional banks set
up with $125 million.
Describe the successes of Hoover's policies. - ✔✔Sent $1.5 billion on public work schemes.
Persuaded local governments to expand their public works programmes.
Implemented policies that were continued by Roosevelt- such as helping banks and home owners.
Describe Roosevelt's election in 1932. - ✔✔Won by a landslide, 48 states against 6 states.
Hoover blamed for Depression.
Roosevelt had overcome polio.
Roosevelt had created optimism in the country.
Roosevelt offered a simple message.
Roosevelt's new deal offered hope for Americans.
Describe the aims of the New Deal. - ✔✔Relief-Assist in the removal of poverty .Provide food for the
starving.Intervene to prevent people from loosing homes/farms.
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