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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Unemployment still remained high throughout the 1930s
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Unemployment came to be the lowest in American history
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Unemployment increased with New Deal policies
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Unemployment reduced back to its rate in the early 1920s
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Detailed explanation-1: -The New Deal created over 20 million work relief jobs from 1933 to 1942 through programs like the Civilian Conservation Corps, Civil Works Administration and Works Progress Administration . These reduced the jobless rate by about 5%.
Detailed explanation-2: -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-3: -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-4: -The New Deal included new constraints and safeguards on the banking industry and efforts to re-inflate the economy after prices had fallen sharply. New Deal programs included both laws passed by Congress as well as presidential executive orders during the first term of the presidency of Franklin D. Roosevelt.
Detailed explanation-5: -The New Deal’s greatest legacy was a shift in gov’t philosophy. As a result of the New Deal, Americans came to believe that the federal government has a responsibility to ensure the health of the nation’s economy and the welfare of its citizens.