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 Farm Credit Act
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The Federal Deposit Insurance Corporation
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The Social Security Act
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The Emergency Banking Relief Act
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Detailed explanation-1: -1. Emergency Banking Relief Act (1933) In his first few days as President, Roosevelt attempted to stabilize the U.S. banking system in response to the national banking crisis.
Detailed explanation-2: -Based on the assumption that the power of the federal government was needed to get the country out of the depression, the first days of Roosevelt’s administration saw the passage of banking reform laws, emergency relief programs, work relief programs, and agricultural programs.
Detailed explanation-3: -For all the limitations and conservative stereotyping, WPA jobs were the first indication for many Americans that the federal government took its responsibility for their welfare in an economic downturn seriously. The Wagner Act of 1935 was perhaps the most remarkable piece of legislation of the whole New Deal.
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.