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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New PLAN
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New Order
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New Debt
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New Deal
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Detailed explanation-1: -The New Deal was a series of programs, pubIic work projects, financial reforms, and regulations enacted by President Franklin D. Roosevelt in the United States between 1933 and 1939.
Detailed explanation-2: -Roosevelt said, “I shall ask the Congress for the one remaining instrument to meet the crisis-broad Executive power to wage a war against the emergency, as great as the power that would be given to me if we were in fact invaded by a foreign foe”.
Detailed explanation-3: -The New Deal was a series of large-scale relief programs and reforms that FDR implemented to counteract the economic effects of the Great Depression. The New Deal advocated government spending as a key economic driver boosting consumer demand.
Detailed explanation-4: -Banks were in crisis, and nearly a quarter of the workforce was unemployed. Wages and salaries declined significantly, as did production. U.S. President Franklin D. Roosevelt’s New Deal (1933–39) aimed to provide immediate economic relief and to bring about reforms to stabilize the economy.