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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Reform, Resilience, and Rationing
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Relief, Restructure, and Reasoning
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Recovery, Reform, and Resilience
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Relief, Recovery, and Reform
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Detailed explanation-1: -The New Deal included new constraints and safeguards on the banking industry and efforts to re-inflate the economy after prices had fallen sharply. New Deal programs included both laws passed by Congress as well as presidential executive orders during the first term of the presidency of Franklin D. Roosevelt.
Detailed explanation-2: -The New Deal is often summed up by the “Three Rs”: relief (for the unemployed) recovery (of the economy through federal spending and job creation), and. reform (of capitalism, by means of regulatory legislation and the creation of new social welfare programs).
Detailed explanation-3: -Relief-Immediate action taken to halt the financial deterioration. 2. Recovery-“Pump-Priming” Temporary programs to restart the flow of consumer demand (consumer = person who makes purchases) 3. Reform-Permanent programs to avoid another depression.