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In the 10 years of the Great Depression 9,000 banks went under JUST in US.
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∙ 12y ago
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Was there a time during the depression that our federal representatives had pay cuts and no benefits?
It was my understanding that twice during the Great Depression, federal pay was cut under political pressure. The last was in 1933. No details as to the magnitude of the cut(s).
"Hoovervilles"?
Grim shantytowns where impoverished victims of the Great Depression slept under newspapers and in makeshift tents. Their visibility (and sarcastic name) tarnished the reputation of the Hoover administration.
What recent economic or political problems has Wales recently had?
Closing the mines under Thatcher did massive damage. Emigration during the great depression did damage to the language.
What do you under stand by the investment multiplier in what way does it defend the policy of public works on the part of the state during business depression?
what do you under stand by the investment multiplier? in what way does it defend the policy of public works on the part of the state during business depression?
What was the purpose of the the civil works administration?
The purpose of the CWA was to create jobs for the millions of unemployed during the Great Depression. Under FDR's New Deal, the CWA helped create over 4 million jobs.
Did President Franklin Roosevelt send out the Red Cross during the Great Depression?
I am not sure what you want to know. The Red Cross is a private relief organization. They are not under control of the President and they decide where to focus their relief efforts.
Was American democracy under threat during the Great Depression?
No. Though machine politics played a role in elections involving Franklin Delano Roosevelt, there was no serious threat that a dictatorship would form during the Depression. The US lacked the machinery to allow a dictatorship to form - secret police forces, massive standing military forces, or a slave-labor economy.
What cause was Eleanor Roosevelt dedicated to during the Great Depression?
Civil Rights Under pressure from the NAACP and Eleanor Roosevelt, and other minority leaders, the New Dealers made sure Blacks shared in relief programs.
How was the banking industry affected by the Great Depression?
Just as is happening today, many Americans became distrustful of banks during the Great Depression. When the Depression hit, some banks did not have enough cash on hand to pay all accounts. There was no FDIC during the 20s or 30s. Some banks folded and people often lost all their money, while others were saved by the Emergency Banking Act, which eliminated weak banks simply by identifying them. Some banks were only able to pay depositers a percent of dollars in their accounts. The Federal Reserve System was given power to issue loans to well-managed banks (like the stimulation package today). FDR declared a bank holiday and had all the banks examined by federal inspectors. When the government allowed an examined bank to reopen, the people concluded that the bank was safe. They then stopped withdrawing their deposits and returned funds they had already taken out of their accounts. This caused confidence in the banking system to increase.
True or False Two causes of the Great Depression were tight monetary controls and under speculation in the stock market.?
False
What is A Depression Glass?
depression glass was made during the Great Depression of the 1930s and is a kind of cheaply manufactured pressed glass. Usually it is some kind of tableware such as drinking glasses, butter dishes, candle holders, salad bowls, plates, etc. A lot of it was given away as promotional items. Much depression glass contains Uranium and hence it is called "Uranium glass" (not very imaginative, I know) and it will glow under a black light (UV). Depression glass is very collectable.
How many banks comes under nabard?
80 banks
