Asked by Dominique Rodriguez on Mar 10, 2024
Verified
The economic expansion which began in 1933 was due to
A) The fact that business had hit bottom and was ready to rebound.
B) The efforts of the Roosevelt Administration to stimulate the economy.
C) Both the efforts of the Roosevelt Administration and the readiness of business to rebound.
D) Neither the efforts of the Roosevelt Administration nor the readiness of business to rebounD.
Economic Expansion
A phase of the business cycle where the economy grows and increases its output, leading to higher employment and income levels.
Roosevelt Administration
The period of U.S. governance under President Franklin D. Roosevelt, most noted for the New Deal programs implemented to counter the effects of the Great Depression.
- Familiarize with the triggers and outcomes of the Great Depression, including the measures undertaken by different administrations to deal with the economic troubles.
Verified Answer
RS
rosey steelMar 10, 2024
Final Answer :
C
Explanation :
The economic expansion that began in 1933 was due to both the efforts of the Roosevelt Administration to stimulate the economy through programs such as the New Deal, and the readiness of business to rebound after hitting bottom during the Great Depression. Both factors contributed to the overall growth and recovery of the economy during this time period.
Learning Objectives
- Familiarize with the triggers and outcomes of the Great Depression, including the measures undertaken by different administrations to deal with the economic troubles.
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