INTER WAR YEARS 1919 TO 1939
THE GREAT DEPRESSION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Laissez-Faire policies should guide our economy
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“rugged individualism” will get us through the Great Depression
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the federal government should work to help Americans in poverty
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capitalism is a natural cure for economic crisis
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Detailed explanation-1: -reform (of capitalism, by means of regulatory legislation and the creation of new social welfare programs).
Detailed explanation-2: -The programs focused on what historians refer to as the “3 R’s": relief for the unemployed and for the poor, recovery of the economy back to normal levels, and reform of the financial system to prevent a repeat depression.
Detailed explanation-3: -The New Deal restored a sense of security as it put people back to work. It created the framework for a regulatory state that could protect the interests of all Americans, rich and poor, and thereby help the business system work in more productive ways.
Detailed explanation-4: -He based his philosophy for reform on three principles: Opportunities should be made equal for all citizens. Only those who had merit should be appointed to Federal jobs. Public servants should not suffer for their political beliefs.
Detailed explanation-5: -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.