Lecture Notes for HIST 460 - Cultural History of Texas with Perri at Texas A & M University-Texarkana (A&M-Texarkana)

Notes Information

Material Type:Outline
Class:HIST 460 - Cultural History of Texas
University:Texas A & M University-Texarkana
  • Rural Electrification Administration (rea)
  • Civil Works Administration
  • Agricultural Adjustment Act (aaa)
  • Speaker of the House
  • Lyndon Johnson
  • Rural Electrification Administration
  • The New Deal
  • Inexpensive
  • Conservatives
  • Provided That
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HIST 460 1 Chapter 11 Weaknesses of the United States Economy in the 1920's 1. Low prices for agricultural products 2. Low wages for workers 3. Unequally distributed wealth 4. Protective tariffs 5. European nations defaulted on debts and withdrew investments in the United States. 6. Unregulated stock speculation 7. Bank failures By 1932 one in four American workers were unemployed, family income had dropped by fifty percent, one hundred thousand businesses had failed, and the gross national product was cut in half. Herbert Hoover advocated a "cooperative state" to solve the problems of the Great Depression: 1. Business owners pledged to maintain wages and production levels. 2. Workers pledged not to strike. 3. Local governments and charities would provide temporary relief. 4. The national government would offer loans to businesses and create an air of optimism. Hoover opposed a dole and government-sponsored work-relief. Franklin D. Roosevelt's New Deal programs used the resources of the fed...

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