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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True
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False
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Either A or B
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None of the above
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Detailed explanation-1: -While the New Deal did have a lasting impact on the U.S. economy, other significant factors contributed toward ending the Great Depression by June 1938. A New Deal WPA mural created in 1942 for the former Social Security Board Building in Washington, D.C.
Detailed explanation-2: -The New Deal was the effort by President Franklin D. Roosevelt, who took office in 1933, to respond to the calamity of the Great Depression and alleviate the despair besetting America.
Detailed explanation-3: -End of the New Deal By 1937 the economy had recovered substantially, and Roosevelt, seeing an opportunity to return to a balanced budget, drastically curtailed government spending. The result was a sharp recession, during which the economy began plummeting toward 1932 levels.
Detailed explanation-4: -The New Deal failed because the AAA, by interfering with supply and demand, damaged farming which had repercussions on the overall economy. The government ensured price floors on wheat and cotton. Thus, wheat and cotton farmers expanded their businesses and other farmers flocked to those “guaranteed” crops.
Detailed explanation-5: -Mobilizing the economy for world war finally cured the depression. Millions of men and women joined the armed forces, and even larger numbers went to work in well-paying defense jobs.