Question

By 1935, Huey Long and Francis Townsend had made which of the following approaches to economic recovery less promising for New Dealers? Select one:

a. Agricultural reform.
b. Social Security reform.
c. The regulation of the stock market.
d. Efforts at general business recovery.
e. Pushing for the unionization of the nation's labor force.

Answer 1

The correct answer is letter D.

To address the economic and social crisis in the US, Roosevelt used the work of a group of renowned Keynes-inspired economists to design the New Deal, whose main objective was to create conditions for lowering unemployment through the articulation of state and private investment. The main measures were:

devaluation of the dollar to make exports more competitive;

loans to banks to avoid bankruptcies in the financial system;

creation of the social security system, with emphasis on unemployment insurance and the 1935 Insurance Act;

right of union organization;

stimulation of agricultural production;

construction of a large amount of public works, especially hydroelectric and highways.