What created the Roosevelt Recession in 1937?

A) Spending on many government programs was replaced by investments to balance the budget

B) The stock market crashed the previous year

Question

Guest

History

14 April, 20:34

What created the Roosevelt Recession in 1937?

A) Spending on many government programs was replaced by investments to balance the budget

B) The stock market crashed the previous year

+4

Answers (1)

Know the Answer?

Hugh Barton · Answer 1

Keynesian economists stated that the recession of 1937 was a result of a premature effort to curb government spending and balance the budget. Roosevelt had been cautious not to run large deficits

What created the Roosevelt Recession in 1937?A) Spending on many government programs was replaced by investments to balance the budgetB) The stock market crashed the previous year

What created the Roosevelt Recession in 1937?

A) Spending on many government programs was replaced by investments to balance the budget

B) The stock market crashed the previous year