Question

How does the description of the government’s intervention in the Great Depression contribute to the development of ideas in the text

Answer 1

Answer:

Roosevelt's economic program, known as the New Deal stands out for something, is for its strong social draft. The National Labor Relations Law set a minimum wage and a maximum working day. This causes an increase in the employed population and also an increase in wages. Unemployment insurance was created to protect the unemployed and the federal government subsidies to help the unemployed.

Not only is it activated to protect those who are in a situation of vulnerability due to lack of employment, financial resources are also allocated to aid for retirees. The Social Security Act of 1935 was able to obtain funds necessary for this purpose, all financed through taxes on beverages and undistributed corporate profits.

Answer 2

The description of the government’s intervention in the Great Depression contributed to the development of ideas in the text as it showed the numerous ideas that were out in place by the government to improve the economy.

• The Great Depression was a period when there was an economic downturn due to the crash of the stock market. This led to the loss of jobs for numerous people and had a negative effect on the economy as a whole.

• During the Great Depression, there was a minimum wage that was set up in order to people the people. It should also be noted that unemployment insurance was given to the unemployed.

• Those that were retired were also given financial aids by the government.  All these policies were put in place by the government in order to improve the standard of living of the people.

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