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42 votes
42 votes
The Committee's optimism (about the health of the U.S. economy] did not keep it from noticing

serious maladjustments... such as overexpansion of speculation and
the unsatisfactory situation
of farmers... [I]ts tendency, however, was to underrate the danger of these maladjustments and
to overrate the stability of the economic system.
- "Postwar Economic Perspectives," W. S. Woytinsky, Principal Consulting Economist, Bureau
of Employment Security


How did New Deal legislation address the economic consequences of the "maladjustments"
discussed in the excerpt?

A. by creating subsidies
B. by funding old age pensions
C. by enforcing immigration quotas
D. by outlawing labor union reforms

User DThought
by
2.5k points

1 Answer

15 votes
15 votes

Answer:

A

Step-by-step explanation:

The New Deal legislation addressed the economic consequences of the maladjustments discussed in the excerpt by providing a range of measures designed to stimulate economic recovery and reform the financial system. These measures included the establishment of the Securities and Exchange Commission to regulate the stock market, the establishment of the Federal Deposit Insurance Corporation to insure bank deposits, the passage of the Social Security Act to provide old age pensions, the passage of the National Labor Relations Act to protect the rights of labor unions, the passage of the Agricultural Adjustment Act to provide subsidies to farmers, and the passage of the Immigration Act of 1924 to enforce immigration quotas.

User Lupguo
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2.8k points