question 1 of 10\nfranklin d. roosevelts new deal economic policies reversed which early political response…

question 1 of 10\nfranklin d. roosevelts new deal economic policies reversed which early political response to the great depression?\na. establishing regulations concerning banks and stock traders\nb. establishing work programs for the unemployed\nc. reducing tariffs to promote trade with europe\nd. cutting spending in response to decreased tax revenue

question 1 of 10\nfranklin d. roosevelts new deal economic policies reversed which early political response to the great depression?\na. establishing regulations concerning banks and stock traders\nb. establishing work programs for the unemployed\nc. reducing tariffs to promote trade with europe\nd. cutting spending in response to decreased tax revenue

Answer

Brief Explanations:

Before the New Deal, during the early days of the Great Depression, the government (under Hoover) cut spending in response to decreased tax revenue. This was a hands - off approach. The New Deal, on the other hand, was a series of programs with government intervention.

  • Option A: Establishing regulations concerning banks and stock traders was part of the New Deal (like the Glass - Steagall Act for banks), not the policy it reversed.
  • Option B: Establishing work programs for the unemployed (e.g., the Civilian Conservation Corps) was a New Deal initiative, not the reversed policy.
  • Option C: Reducing tariffs was not a major early response to the Great Depression. In fact, the Smoot - Hawley Tariff Act (which increased tariffs) was passed in 1930.
  • Option D: Cutting spending in response to decreased tax revenue was the early (pre - New Deal) approach that the New Deal reversed. The New Deal involved increased government spending.

Answer:

D. Cutting spending in response to decreased tax revenue