USA HISTORY

THE GREAT DEPRESSION 1929 1940

THE GREAT DEPRESSION

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Why did the federal government run a deficit during the years of the Great Depression?
A
Too much income taxes collected
B
High tariffs
C
New Deal programs
D
trade imbalances
Explanation: 

Detailed explanation-1: -Major federal programs and agencies included the Civilian Conservation Corps (CCC), the Works Progress Administration (WPA), the Civil Works Administration (CWA), the Farm Security Administration (FSA), the National Industrial Recovery Act of 1933 (NIRA) and the Social Security Administration (SSA).

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: -The Second New Deal The increasing pressures of the Great Depression caused President Roosevelt to back a new set of economic and social measures Prominent among these were measures to fight poverty, to counter unemployment with work and to provide a social safety net.

Detailed explanation-4: -One reason the New Deal couldn’t end the Depression and probably extended it is because it wasn’t merely a quick economic boost or the shoring up of vital institutions that, once fallen, might set off a domino effect on other businesses.

There is 1 question to complete.