THE ROARING 20S 1920 1929
1920S AMERICAN CULTURE
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Increased national debt
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Decrease in executive power
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Increased instability in the banking system
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Decrease in agricultural production
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Detailed explanation-1: -In the short term, New Deal programs helped improve the lives of people suffering from the events of the depression. In the long run, New Deal programs set a precedent for the federal government to play a key role in the economic and social affairs of the nation.
Detailed explanation-2: -When Franklin D. Roosevelt took office in 1933, the public debt was almost $20 billion, 20% of GDP. Decreased tax revenues and spending on social programs during the Great Depression increased the debt and by 1936, the public debt had increased to $33.7 billion, approximately 40% of GDP.
Detailed explanation-3: -President Roosevelt first faced criticism of the New Deal from the Supreme Court, which ruled that some of the measures of the New Deal were unconstitutional. They argued that the New Deal gave the federal government too much power, undermining the powers of individual states.
Detailed explanation-4: -President Franklin D. Roosevelt’s “New Deal” aimed at promoting economic recovery and putting Americans back to work through Federal activism. New Federal agencies attempted to control agricultural production, stabilize wages and prices, and create a vast public works program for the unemployed.