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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pubic works programs
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higher taxes
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cuts in employment and wages
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less reliance on charitable contributions
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Detailed explanation-1: -The New Deal was a series of programs and projects instituted during the Great Depression by President Franklin D. Roosevelt that aimed to restore prosperity to Americans.
Detailed explanation-2: -Which statement best captures the basic idea of the Works Projects Administration? To use federal money to provide paid work for Americans.
Detailed explanation-3: -Among the suggested causes of the Great Depression are: the stock market crash of 1929; the collapse of world trade due to the Smoot-Hawley Tariff; government policies; bank failures and panics; and the collapse of the money supply.
Detailed explanation-4: -High unemployment rates, devaluation of assets, increasing debt defaults and rising inflation are common signs of an economic depression. During the Great Depression, unemployment rates increased by over 25%, and the real GDP plummeted by 29%. An economic depression may share some characteristics with a recession.