THE ROARING 20S 1920 1929
1920S AMERICAN CULTURE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Huey Long’s proposal to “share our wealth”
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Herbert Hoovers proposal to “rugged individualism”
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Franklin D. Roosevelt’s proposal “New Deal”
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None of the above
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Detailed explanation-1: -In February 1934, Long introduced his “Share Our Wealth” plan over a nationwide radio broadcast. His plan was to minimise wealth inequality, via Federal tax and spend policy. An individual’s right to wealth would be restricted to: a maximum INHERITANCE of $5 million ($100 million in 2022);
Detailed explanation-2: -Long’s February 23, 1934 “Every Man a King” (PDF) address, broadcast over the NBC radio network, signaled a new phase in his longstanding effort to secure a more equitable distribution of the nation’s wealth.
Detailed explanation-3: -Title: Share-our-wealth society is simply to mean that God’s creatures on this lovely American continent have a right to share in the wealth they have created in this country. They have the right to a living, with the conveniences and some of the luxuries of this life, so long as there are too many or enough for all.
Detailed explanation-4: -To stimulate the economy, he advocated massive federal spending, a wealth tax, and wealth redistribution. These proposals drew wide support with millions joining local Share Our Wealth clubs. Poised for a 1936 presidential bid, Long was mortally wounded by a lone assassin in 1935.