CONTEMPORARY AMERICA 1992 2013
PRESIDENT BARACK OBAMA
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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It gave most Americans a $1200 stimulus check
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Stimulus money went to individuals and businesses to prevent business closures
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It created the FDIC to insure banks
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It created the Securities and Exchange Commission to protect the stock market against crashes
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Detailed explanation-1: -In the opinion of some experts, a greater increase in poverty was averted only by federal legislation, the 2009 American Recovery and Reinvestment Act (ARRA), which provided funds to create and preserve jobs and to extend or expand unemployment insurance and other safety net programs, including food stamps.
Detailed explanation-2: -This Statement of Purpose included the following: To preserve and create jobs and promote economic recovery. To assist those most impacted by the recession. To provide investments needed to increase economic efficiency by spurring technological advances in science and health.
Detailed explanation-3: -Which of the following was an impact of the American Recovery and Reinvestment Act? People traded good-paying jobs for lower-paying positions.
Detailed explanation-4: -The American Recovery and Reinvestment Act of 2009 (ARRA) (Pub. L. 111-5), commonly referred to as the Stimulus or The Recovery Act, was an economic stimulus package enacted by the 111th United States Congress in February 2009 and signed into law on February 17, 2009, by President Barack Obama.