INTER WAR YEARS 1919 TO 1939
THE GREAT DEPRESSION
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
Reformed the economy with a “safety net” for economic crises
|
|
|
Recovered the economy with employment through public projects
|
|
|
Provided relief to Americans and increased political participation from the working classes
|
|
|
Removed private ownership of major industries in favor of state ownership
|
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: -The New Deal did this to a remarkable degree. But FDR’s New Deal failed to cure completely the Depression-induced ills of the American economy. By 1940, the percentage of Americans without jobs remained in double digits and the American people lacked the purchasing power to jump start the economy.
Detailed explanation-3: -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.