17. How did President Roosevelt's New Deal restore the American economy after the damage done by the Great Depression?

A. The New Deal put Americans back to work and made banks more secure.
B. The New Deal ordered the printing of new currency that was not based on gold.
C. The New Deal introduced risky but profitable new banking rules.
D. The New Deal placed government spending in the hands of a few honest bankers.

Question

18-07-2024
History

Answered

17. How did President Roosevelt's New Deal restore the American economy after the damage done by the Great Depression?

A. The New Deal put Americans back to work and made banks more secure.
B. The New Deal ordered the printing of new currency that was not based on gold.
C. The New Deal introduced risky but profitable new banking rules.
D. The New Deal placed government spending in the hands of a few honest bankers.

Answer :

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Final answer:

President Roosevelt's New Deal initiatives, including the creation of key programs and emphasis on job creation and public works, played a crucial role in restoring the American economy after the Great Depression.

Explanation:

President Roosevelt's New Deal was instrumental in restoring the American economy after the damage caused by the Great Depression. One key aspect was the creation of programs like the Federal Deposit Insurance Corporation (FDIC) and the Security and Exchange Commission (SEC) to boost confidence in the banking system, ensure investor protection, and enhance market efficiency.

Furthermore, the New Deal prioritized job creation and public works programs to stimulate economic growth and provide relief to Americans during the crisis. These initiatives significantly contributed to the recovery and stability of the U.S. economy post-Depression.

Moreover, through financial aid for farmers, job opportunities in conservation and infrastructure projects, and Social Security measures, the New Deal addressed various aspects of the economic downturn and set the foundation for long-term recovery and stability.

Learn more about Roosevelt's New Deal and American economy recovery here:

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