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4 January, 09:08

By 1935, Huey Long and Francis Townsend had made which of the following approaches to economic recovery less promising for New Dealers? Select one:

a. Agricultural reform.

b. Social Security reform.

c. The regulation of the stock market.

d. Efforts at general business recovery.

e. Pushing for the unionization of the nation's labor force.

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  1. 4 January, 09:35
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    The correct answer is letter D.

    To address the economic and social crisis in the US, Roosevelt used the work of a group of renowned Keynes-inspired economists to design the New Deal, whose main objective was to create conditions for lowering unemployment through the articulation of state and private investment. The main measures were:

    devaluation of the dollar to make exports more competitive;

    loans to banks to avoid bankruptcies in the financial system;

    creation of the social security system, with emphasis on unemployment insurance and the 1935 Insurance Act;

    right of union organization;

    stimulation of agricultural production;

    construction of a large amount of public works, especially hydroelectric and highways.
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