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5 July, 15:15

Why did Roosevelt think he was justified in cutting federal spending in 1937?

A. American citizens had had enough of his new deal programs

B. The supreme court was going to end all new deal programs.

C. New deal programs have increased production wages and profits

D. Congress was raising the alarm about federal deficit spending * (my answer)

Am I right?

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Answers (1)
  1. 5 July, 17:39
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    The Roosevelt Recession of 1937 was due to the contraction of the money supply by the Federal Reserve and the Treasury Department policies.

    Explanation:

    The New Deal program introduced by the Roosevelt Government focused on 3 R's-Relief, Recovery and Reform

    Relief - Immediate action to betaken in order to halt the economic deterioration Recovery - In order to start the flow of consumer Demand public work projects where started. Reform-Permanent programs where established to save the economy from another economic disaster

    Roosevelt think he was justified in cutting federal spending in the year 1937 because new deal program have increased production wages and profit (C)
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