THE GREAT DEPRESSION 1929 1940
THE GREAT DEPRESSION
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
The election of Franklin D. Roosevelt in 1932.
|
|
|
Massive government spending in preparation for World War II.
|
|
|
The end of World War I
|
|
|
The passage of the National Recovery Act in 1933.
|
Detailed explanation-1: -The New Deal was a set of domestic policies enacted under President Franklin D. Roosevelt that dramatically expanded the federal government’s role in the economy in response to the Great Depression.
Detailed explanation-2: -A combination of the New Deal and World War II lifted the U.S. out of the Depression.
Detailed explanation-3: -Even more debated is what caused the Great Depression to end. Most historians point to World War II. When the war began, factories went back to full production building war supplies such as tanks, airplanes, ships, guns, and ammunition.
Detailed explanation-4: -FDR’s credit policies during the Great Depression had a lasting and positive effect on the credit industry, making banks and investments much safer and less risky. Under FDR, Congress created the Federal Deposit Insurance Corporation (FDIC), which guaranteed that deposits over $2, 500 were secure and could not be lost.
Detailed explanation-5: -Reparations imposed on Germany following WWI left the country poorer, and economic woes caused resentment amongst its population. The Great Depression of the 1930s and a collapse in international trade also worsened the economic situation in Europe, allowing Hitler to rise to power on the promise of revitalization.