Paragraph Form Question 1. What were the economic policies of Roosevelt's "New Deal"? What was the...

Paragraph Form Question

1. What were the economic policies of Roosevelt's "New Deal"? What was the response in Scandinavia?

Expert Solution

FDR launched programs and projects that constituted what he called the New Deal during his first 100 days in office. The New Deal 's goal was to stabilize the economy, and the FDR administration expanded the role of the federal government in the economy over a period of eight years.
New federal agencies, including the Social Security Council, the Securities and Exchange Commission and the Federal Deposit Insurance Corporation, were founded

The Tennessee Valley Authority was created by the FDR, which allowed the federal government to build dams and hydroelectric projects to control flooding and supply electricity to the impoverished Tennessee Valley. He also set up the Works Progress Administration, which functioned as a permanent jobs system.
Congress passed the Social Security Act , which provided the elderly, unemployed and disabled with a safety net

Scandinavian governments, largely socialist, responded to the depression most favorably and with great success. A system of large-scale government deficits was used by the Swedish Government to finance public works and maintain production and employment. Social welfare programs, including old age pensions , unemployment insurance, affordable accommodation, and maternity benefits, have been expanded. The high taxes to be paid for this system first came down on the rich, but eventually on everyone. Even so, the Scandinavian countries' democracy and economies prospered. Apparently the Scandinavian scheme was the best balance between barbaric communism and sick capitalism.

Rahul Sunny answered 2 years ago

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