Which of the following was part of the program developed by Hoover, businessmen, and labor leaders following the stock market crash?Government was to focus assistance to large corporations.Work was to be shared with as many workers as possible.Wages were to be fixed and not lowered.Government was to reduce business.
Question
Which of the following was part of the program developed by Hoover, businessmen, and labor leaders following the stock market crash?Government was to focus assistance to large corporations.Work was to be shared with as many workers as possible.Wages were to be fixed and not lowered.Government was to reduce business.
Solution
The program developed by Hoover, businessmen, and labor leaders following the stock market crash included the following:
-
Work was to be shared with as many workers as possible: This was an attempt to prevent mass unemployment. The idea was that if work was shared among more people, fewer people would be completely without work.
-
Wages were to be fixed and not lowered: This was to prevent a further decrease in consumer spending. If wages were lowered, people would have less money to spend, which could further worsen the economic situation.
The options that government was to focus assistance to large corporations and government was to reduce business were not part of the program. The focus was more on protecting workers and stimulating consumer spending rather than assisting large corporations or reducing business.
Similar Questions
To fix the Great Depression, President Hoover_____.
What was one part of Roosevelt's New Deal program to fight the Depression?All of the above are true.The stock market and banking system created their own reform council.Government agencies took over businesses and farms.Large public works projects helped to provide jobs.
The Great Depression: Striving for Prosperity in America The Stock Market Crash of 1929 marked an era of turmoil and instability for America known as the Great Depression. Millions of people who lost their life savings and their jobs eventually became homeless, only to find that their president, Herbert Hoover, felt the government should not intervene. However, New York governor Franklin Delano Roosevelt said, "I pledge myself to a New Deal for the American people." And when he was elected to office in 1932, he made good on that pledge. Through a series of programs, he stimulated the economy, got people back to work, and protected the American people through the Great Depression. In 1935, for example, Roosevelt created the Works Progress Administration (WPA). The WPA created much-needed jobs for the unemployed, at the same time improving the country as a whole. WPS workers erected buildings like schools and post offices. They also worked on bridges, highways, and other infrastructure projects. In addition, the WPA found work for people with artistic capabilities, such as writers, musicians, and theater directors. In fact, WPA murals still exist. You may have seen them in places like zoos, courthouses, and hospitals. The WPA, which existed until 1943, provided work and a paycheck to almost 9 million Americans. Later that year, Roosevelt signed the Social Security Act of 1935. At a time when people had lost much—if not all—of the money for which they had worked, the Social Security Act guaranteed pensions to millions of Americans. It also established unemployment insurance so people who had lost their jobs could receive money until they found work. Thanks to Roosevelt's initiative, these policies are still with us today and continue to protect many Americans when they need help the most. In many ways, Roosevelt saved the United States. He believed the government should become the active force in driving the country toward prosperity and held to that idea regardless of any opposition. In 1941, the Japanese bombing of Pearl Harbor ignited World War II, and the war effort helped to accelerate the production of goods and services in the United States. Ultimately, this ended the Great Depression and put the country back on the road to prosperity. However, it was Roosevelt's programs that held the United States together for so many years by providing work, income, and hope in a time of unprecedented economic terror.2Select the correct answer from the drop-down menu.How does the second paragraph develop the author’s thesis?The second paragraph .Reset Next
What was a long-term effect of the stock market crash?A.People had more to spend.B.People had more than one job.C.Many banks were closed.D.Banks made more loans
Which of the following provisions was NOT included in the National Industrial Recovery Act of 1933?Multiple Choicea major program of public works designed to pump needed funds into the economythe legal right of workers to engage in collective bargaininglegal protection to the right of workers to form unionstrade association agreements on pricing and productionloans by the national government to railroads, banks, and insurance companies
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.