USA HISTORY

THE RISE OF POLITICAL CONSERVATISM 1980 1992

PRESIDENT GEORGE HW BUSH

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which act stimulated the US economy by saving jobs and creating new ones?
A
Emergency Economic Stabilization Act
B
American Recovery and Reinvestment Act
C
USA Patriot Act
D
Dodd Frank Wall Street Reform and Consumer Protection Act
Explanation: 

Detailed explanation-1: -The American Recovery and Reinvestment Act of 2009 was signed into law by President Obama on February 17th, 2009.

Detailed explanation-2: -In the opinion of some experts, a greater increase in poverty was averted only by federal legislation, the 2009 American Recovery and Reinvestment Act (ARRA), which provided funds to create and preserve jobs and to extend or expand unemployment insurance and other safety net programs, including food stamps.

Detailed explanation-3: -The American Recovery and Reinvestment Act of 2009 (Recovery Act)-which President Obama signed into law on February 17th, 2009-was an unprecedented action to stimulate the economy. It included measures to modernize our nation’s energy and communication infrastructure and enhance energy independence.

Detailed explanation-4: -The Senate passed the bill, 60–38, with all Democrats and Independents voting for the bill along with three Republicans. On February 17, 2009, President Barack Obama signed the Recovery Act into law.

There is 1 question to complete.