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What else can I help you with?
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.
Why did so many banks fail during the 1930?
Many banks failed during the 1930s primarily due to the Great Depression, which led to widespread economic instability and a significant loss of consumer confidence. As businesses collapsed and unemployment soared, borrowers defaulted on loans, eroding banks' assets. Additionally, the lack of federal insurance and regulation meant that bank runs—where depositors rushed to withdraw their savings—caused many banks to collapse under the pressure of sudden withdrawals. This crisis highlighted the vulnerabilities in the banking system, ultimately leading to reforms and the establishment of the Federal Deposit Insurance Corporation (FDIC).
What did the emergency banking act do 1935?
The Emergency Banking Act of 1933, enacted during the Great Depression, aimed to stabilize the banking system in the United States. It allowed the government to close insolvent banks and reorganize them, reopening only those deemed financially sound. The Act also provided for federal loans to banks and increased public confidence by allowing banks to reopen under stricter regulations. This legislation was part of President Franklin D. Roosevelt's New Deal to restore trust in the financial system.
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?
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.
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.
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
