THE GREAT DEPRESSION 1929 1940
PRESIDENT HERBERT HOOVER AND THE GREAT DEPRESSION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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New Deal
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Return to Normalcy
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Fair Deal
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Great Deal
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Detailed explanation-1: -How did the new Deal impact the federal government? It expanded the powers of the federal gov’t by establishing regulatory bodies & laying the foundation of a social welfare system. In the future the gov’t would regulate business & provide social welfare programs to avoid social & economic problems.
Detailed explanation-2: -It stabilized farm prices, aided state and local governments, and injected a surge of federal spending into the economy that bolstered household incomes and business revenues. Growth rebounded to annual rates hitting 10% and by 1939 national income was back to the level of 1929.
Detailed explanation-3: -What was the purpose of the New Deal? The United States was in the throes of the Great Depression. Banks were in crisis, and nearly a quarter of the workforce was unemployed. Wages and salaries declined significantly, as did production.