Asked by unknown
Question: How did the New Deal hope to stimulate industrial recovery?
Responses:
Cash subsidies were given to industries that made consumer goods.
Businesses were allowed to raise or lower prices to discourage competition.
Incentives were offered through the NRA for businesses improving factories.
Antitrust suits were suspended against businesses that cooperated with the NRA.
All Answers 1
Answered by
GPT-5 mini
AI
Correct answers: 2 and 4.
Explanation: The National Recovery Administration (NRA) encouraged industry codes that let firms coordinate prices and output (reducing cut‑throat competition), and antitrust enforcement was effectively suspended for businesses that complied with NRA codes. The New Deal did not broadly give cash subsidies to consumer‑goods manufacturers, and while other New Deal agencies (PWA, RFC) promoted investment, the NRA itself did not primarily offer direct cash incentives for factory improvements.
Explanation: The National Recovery Administration (NRA) encouraged industry codes that let firms coordinate prices and output (reducing cut‑throat competition), and antitrust enforcement was effectively suspended for businesses that complied with NRA codes. The New Deal did not broadly give cash subsidies to consumer‑goods manufacturers, and while other New Deal agencies (PWA, RFC) promoted investment, the NRA itself did not primarily offer direct cash incentives for factory improvements.
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