Question
How did the government of the United States react to the Great Depression?(1 point)ResponsesIt immediately provided major assistance to the needy and strictly regulated the stock market.It immediately provided major assistance to the needy and strictly regulated the stock market.It eventually raised interest rates after many banks and businesses had already closed.It eventually raised interest rates after many banks and businesses had already closed.It immediately took control of the stock market and later raised interest rates.It immediately took control of the stock market and later raised interest rates.It provided minimal assistance initially but eventually increased assistance and market regulation.
Answers
GPT-4o mini
The correct response is: **It provided minimal assistance initially but eventually increased assistance and market regulation.**
During the early years of the Great Depression, the U.S. government's response was relatively limited, but as the crisis deepened, especially with the election of Franklin D. Roosevelt in 1932, the government enacted a series of programs and regulations known as the New Deal to provide assistance to those in need and to reform financial markets.
During the early years of the Great Depression, the U.S. government's response was relatively limited, but as the crisis deepened, especially with the election of Franklin D. Roosevelt in 1932, the government enacted a series of programs and regulations known as the New Deal to provide assistance to those in need and to reform financial markets.