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 Civilian Conservation Corps (CCC), which was an agency that gave temporary jobs to young, single men.
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The Securities and Exchange Commission (SEC) was created to make sure that people ran the stock market fairly and that everyone followed the same rules of the system.
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The Federal Deposit Insurance Corporation (FDIC) was set up to insure, or protect, the money people deposited in the U.S. banks.
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The Social Security Act taxed those who worked to provide for the needs of others.
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Detailed explanation-1: -The New Deal had three goals: relief, recovery, and reform. Relief meant that the president wanted to help those in crisis immediately by creating jobs, bread lines, and welfare. Recovery was aimed at fixing the economy and ending the Depression.
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: -Their coalition has splintered over time, but many of the New Deal programs that bound them together-Social Security, unemployment insurance and federal agricultural subsidies, for instance-are still with us today.