Asked by
Jeyson Beltrand
on Dec 11, 2024
Verified
Which of the following was true with regard to the Great Depression?
A) The policies of the New Deal brought the Great Depression to an end well before World War II.
B) Sound economic policy was followed during this era, which makes the length and severity of the Great Depression puzzling to economists.
C) The length and severity of the Great Depression was the result of unsound economic policies followed by both the Hoover and Roosevelt Administrations.
D) The Great Depression was largely the result of the highly expansionary monetary policy of the Fed during the 1930s.
New Deal
A series of programs, public work projects, financial reforms, and regulations enacted by President Franklin D. Roosevelt in the United States during the 1930s to help recover from the Great Depression.
Great Depression
A severe worldwide economic depression that took place mostly during the 1930s, beginning in the United States.
Economic Policy
Economic policy refers to the actions that governments take in the economic field covering taxation, government budgets, money supply, interest rates, and labor market regulations.
- Gain insight into the critical aspects that amplified the impact of the Great Depression.
- Understand the functions of fiscal and monetary policies during times of economic decline and periods of recovery.
Verified Answer
AA
Learning Objectives
- Gain insight into the critical aspects that amplified the impact of the Great Depression.
- Understand the functions of fiscal and monetary policies during times of economic decline and periods of recovery.