During the Great Depression, Roosevelt's New Deal expanded federal authority by creating several new government agencies designed to provide and administer relief to the country, which had been devastated by the 1929 stock market crash. Many agencies created under the New Deal were discontinued in subsequent decades, however, when policymakers grew uncomfortable with the amount of power wielded by the federal government. Additionally, a large number of economists at the time felt the market had recovered to the point that federal regulation had become more a hindrance to than a provider of economic stability.
The economists' support of the discontinuation of New Deal programs rests on which of the following assumptions about the role of the federal government in the market?
(a) Interference by federal government in the market can never create economic stability.
(B) Federal regulation of the market is an emergency measure and, as such, should be temporary.
(C) Agencies created under the New Deal routinely exercised control beyond what was stated in their charters.
(D) Policymakers who discontinued New Deal programs were not the same policymakers who originally implemented them.
(E) New Deal programs designed to provide economic relief actually perpetuated market instability.
OA later some discussion
The economists' support of the discontinuation of New Deal programs rests on which of the following assumptions about the role of the federal government in the market?
(a) Interference by federal government in the market can never create economic stability.
(B) Federal regulation of the market is an emergency measure and, as such, should be temporary.
(C) Agencies created under the New Deal routinely exercised control beyond what was stated in their charters.
(D) Policymakers who discontinued New Deal programs were not the same policymakers who originally implemented them.
(E) New Deal programs designed to provide economic relief actually perpetuated market instability.
OA later some discussion
