Question

What do you think President Franklin Roosevelt did to address the Great Depression? Write at least 3 sentences.

a) He implemented the New Deal, a series of economic reforms and relief programs.
b) He cut government spending to reduce the national debt.
c) He advocated for isolationist foreign policies.
d) He encouraged deregulation of banks and businesses.

Answer 1

President Franklin Roosevelt addressed the Great Depression by implementing the New Deal and creating relief programs. He did not cut government spending but rather increased it to stimulate the economy. He also advocated for government oversight and regulation of banks and businesses.

Step-by-step explanation:

President Franklin Roosevelt addressed the Great Depression by implementing the New Deal, a series of economic reforms and relief programs. This included the creation of boards to enforce wage and price guarantees, the construction of buildings and bridges, the development of national parks, the creation of artworks, and payments to farmers to reduce crop acreage and stabilize prices.

Contrary to option b), he did not cut government spending to reduce the national debt. In fact, the New Deal involved significant government spending to stimulate the economy.

Option d) is incorrect as well. President Roosevelt did not encourage deregulation of banks and businesses. Rather, he increased government oversight and created organizations like the Federal Deposit Insurance Corporation (FDIC) and the Security and Exchange Commission (SEC) to protect consumers and investors.