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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The New Deal
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Reaganomics
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Economic Injection
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The “band-aid” Solution
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Detailed explanation-1: -The New Deal was a series of large-scale relief programs and reforms that FDR implemented to counteract the economic effects of the Great Depression. The New Deal advocated government spending as a key economic driver boosting consumer demand.
Detailed explanation-2: -Following his inauguration as President of the United States on March 4, 1933, FDR put his New Deal into action: an active, diverse, and innovative program of economic recovery.
Detailed explanation-3: -FDR embraced Keynesian economic policies and fought to expand the role of the federal government in the nation’s economy. FDR implemented a series of projects and programs called the New Deal to stabilize the economy. Despite FDR’s New Deal, the Great Depression persisted into the late 1930s.
Detailed explanation-4: -The New Deal restored a sense of security as it put people back to work. It created the framework for a regulatory state that could protect the interests of all Americans, rich and poor, and thereby help the business system work in more productive ways.