Question

What effect did New Deal programs have on the economy during the Great Depression? A) It saved hundreds of banks from closing by extending loans to the financial industry. B) It promoted socialism by making government a competitor in the financial market. C) It reduced the unemployment rate during the Roaring Twenties. D) It restored American confidence in the government.

Answer 1

C. It reduced the unemployment rate during the Roaring Twenties:)

Answer 2

D) It restored American confidence in the government.

Step-by-step explanation:

The New Deal was an economic recovery plan launched by the Franklin Rosevelt government. The Roosevelt government occurred during the Great Depression of the 1930s, when US economic and social indicators suffered a major blow. Many people lost their jobs, the national average income fell and GDP declined. Confidence in the government and in the future of the country was greatly shaken.Roosevelt was able to overcome the Great Depression through his economic recovery plan, the New Deal.

The New Deal consisted of a set of sectoral reforms and a large apparatus of social protection. It was Roosevelt who implemented a system of previdential protection for the elderly, shortened working hours to increase employment, and improved the conditions for businesses to recover from the crisis. Thus, Roosevelt's intention was to create the macroeconomic conditions conducive to the well-being of all Americans. Consequently, the correctness of the plan led to the American citizens regaining confidence in the government.