THE GREAT DEPRESSION 1929 1940
THE GREAT DEPRESSION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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emphasized personal initiative and “rugged individualism”
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provided for a more active role for the government in the economy.
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advocated socialism as a solution to economic problems.
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None of the above
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Detailed explanation-1: -The correct answer is B: the first new deal tried to restore, basic economic functions, and the second new deal tried to improve people’s lives.
Detailed explanation-2: -Ushered in by Franklin D. Roosevelt, the New Deal was an enormous federally-funded series of infrastructure and improvement projects across America, creating jobs for workers and profits for businesses. Today, the legacy of the New Deal remains with programs like Social Security still in place.
Detailed explanation-3: -The New Deal stabilized the banks and cleaned up the financial mess left over from the Stock Market crash, allowing credit to flow again. 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.