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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Relief
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Recovery
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Reform
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None of the above
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Detailed explanation-1: -The Works Progress Administration (WPA) was an ambitious employment and infrastructure program created by President Franklin Roosevelt in 1935, during the bleakest days of the Great Depression.
Detailed explanation-2: -These programs became known as the New Deal, a reference taken from a campaign speech in which he promised a “new deal for the American people.” The New Deal focused on three general goals: relief for the needy, economic recovery, and financial reform.
Detailed explanation-3: -National Industrial Recovery Act (1933) Created National Recovery Administration (NRA). Legalized industry collaboration for price controls and collective bargaining for labor.
Detailed explanation-4: -Roosevelt’s New Deal Recovery programs focused on stabilizing the economy by creating long-term employment opportunities, decreasing agricultural supply to drive prices up, and helping homeowners pay mortgages and stay in their homes, which also kept the banks solvent.