PinkMonkey Online Study Guide-World History
Over production; lead to a pile up of surplus
Credit Policies; the reduction of the restrictions
on credit lead to an increase in installment buying.
Unequal distribution of purchasing power; For
example, the salary of twelve top executives was equal to the
total income of thirty thousand tobacco farmers.
Decline in international trade exports; High
US tariffs prevented European exports to the US and consequently
US exports to Europe decreased.
Methods to alleviate the effects of Depression
The Effects of the New Deal
President Hoover introduced voluntary relief
programs to provide employment. He later introduced a program
of providing credit to railroads and financial institutions.
Franklin Roosevelt introduced the New Deal
under the principle of the 3Rs, that is, Relief, Recovery and
Reform. Some of the Acts passed by the Congress include, The
Agricultural Adjustment Act (AAA) to restore the purchasing
power of the farmers, The Tennessee Valley Authority - was set
up to reorganize the economy, The Civil Works Administration
to provide employment opportunities.
Impact of the Great Depression
Depression had a negative impact on Liberalism,
Democracy and Capitalism as many of the people who were disillusioned
by the present situation turned to communism.
The one positive and important effect of Depression
was an increased concern for human values and emotional security.
14.1 Republican Ascendancy and World Politics
14.2 The Washington Conference
14.3 Republicanism at Home
14.4 Panic of 1929
14.6 Methods to alleviate the effects of Depression
14.7 The Effects of the New Deal
14.8 Impact of Great Depression
14.9 Dates & Events
14.10 Points to Remember
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