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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Relief for the unemployed
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Plans for recovery
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Repay bankers
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Reform to prevent another Great Depression
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Detailed explanation-1: -The New Deal had three goals: relief, recovery, and reform. Relief meant that the president wanted to help those in crisis immediately by creating jobs, bread lines, and welfare. Recovery was aimed at fixing the economy and ending the Depression.
Detailed explanation-2: -It did, however, provide Americans with economic security that they had never known before. The New Deal legacies include unemployment insurance, old age insurance, and insured bank deposits. The Wagner Act reduced violence in labor relations.
Detailed explanation-3: -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.
Detailed explanation-4: -The “New Deal” consisted of the 3 R’s which are Relief, Recovery, and Reform. Relief was aimed at providing temporary help to suffering and unemployed Americans.