Imagine you go back in time to the late 1920s and you want to warn business leaders about what they need to do to prevent the Great Depression.What are TWO things you tell these businesses leaders?Choose TWO correct answer choices.Group of answer choicesYou are producing too many new items--average Americans don't make enough money to buy these fancy refrigerators and new cars!You need to produce more of these new, fancy items to help the economy! The supplies of cars and refrigerators are going to be hot commodities!You are spending too much money on workers' wages. You need to cut some jobs and try to buy out other companies.You should put more money into workers' wages as opposed to CEO salaries and the stock market
Question
Imagine you go back in time to the late 1920s and you want to warn business leaders about what they need to do to prevent the Great Depression.What are TWO things you tell these businesses leaders?Choose TWO correct answer choices.Group of answer choicesYou are producing too many new items--average Americans don't make enough money to buy these fancy refrigerators and new cars!You need to produce more of these new, fancy items to help the economy! The supplies of cars and refrigerators are going to be hot commodities!You are spending too much money on workers' wages. You need to cut some jobs and try to buy out other companies.You should put more money into workers' wages as opposed to CEO salaries and the stock market
Solution
The two things you should tell these business leaders are:
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You are producing too many new items--average Americans don't make enough money to buy these fancy refrigerators and new cars! This is because overproduction and underconsumption were one of the causes of the Great Depression. Businesses were producing goods at a rate that exceeded consumer demand.
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You should put more money into workers' wages as opposed to CEO salaries and the stock market. This is because income inequality was another factor that contributed to the Great Depression. If more money is put into workers' wages, it would increase their purchasing power, thereby increasing demand for goods and services.
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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
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