Question

What measures did FDR take to reform the economy?

a) Reform and Bank Holiday

b) New Deal programs and economic policies

c) Social Security Act and Securities Exchange Act

d) Increased government spending and regulation

Answer 1

Franklin D. Roosevelt implemented several measures to reform the economy through his New Deal programs and economic policies, including bank reform, job creation, economic regulation, and the establishment of social security and securities regulations.

Step-by-step explanation:

Franklin D. Roosevelt (FDR) took several measures to reform the economy through his New Deal programs and economic policies. These measures included:

1. Reform and Bank Holiday: FDR implemented a bank holiday and passed the Emergency Banking Act to restore consumer confidence and regulate banks.
2. New Deal programs and economic policies: FDR signed numerous pieces of legislation aimed at creating jobs, supporting industries and agriculture, and providing relief to individuals through refinancing options and direct aid.
3. Social Security Act and Securities Exchange Act: FDR enacted the Social Security Act in 1935, which introduced old-age pension programs. He also established the Securities Exchange Act to regulate the stock market.
4. Increased government spending and regulation: FDR implemented initiatives that increased government spending, such as the Works Progress Administration, and introduced regulations to stabilize the economy and protect consumers and investors.