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 role and size of the government greatly expanded
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Failed to make any improvements in the unemployment problem
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Provided Republicans with evidence that FDR wanted to push the US into War
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Solved the Great Depression though Laissez-faire economics
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Detailed explanation-1: -Roosevelt’s New Deal sought to reinvigorate the economy by stimulating consumer demand. The New Deal embraced federal deficit spending to promote economic growth, a fiscal approach that came to be associated with the British economist John Maynard Keynes.
Detailed explanation-2: -The New Deal legacies include unemployment insurance, old age insurance, and insured bank deposits. The Wagner Act reduced violence in labor relations. The Securities and Exchange Commission protected stock market investments of millions of small investors.
Detailed explanation-3: -Despite the importance of this growth of federal responsibility, perhaps the greatest achievement of the New Deal was to restore faith in American democracy at a time when many people believed that the only choice left was between communism and fascism.