<u>During his presidency, Rooselvelt called three times for a Special Session of Congress:</u>
- <u>The two firsts calls (in 1933 and 1937) were related to the implementation of the New Deal</u>, as the package of measures designed to combat the harsh situation of the US economy. The New Deal was based on Keynesian economics that identified, as the major cause of the Great Depression, the extremely low aggregate demand figures. This solution aimed to boost demand figures by directing large sums of public money to the creation of job positions for the large unemployed sectors of popualtion, so that they could start to earn a salary and to demand products again. Large sums of money were pumped into public works (roads, constructions, etc).
- The third call took place in 1939 in order to define the Neutrality legislation that would keep the US away from participating on WWII that started in Europe on that year. Finally, in 1942, the neutrality strategy was changed, after Pearl Harbor and other attacks, and the US ended up intervening in the conflict, in the side of the Allied powers.
True, many people from around the world did this
Answer:
AMERICANS do not go in for envy. The gap between rich and poor is bigger than in any other advanced country, but most people are unconcerned. Whereas Europeans fret about the way the economic pie is divided, Americans want to join the rich, not soak them. Eight out of ten, more than anywhere else, believe that though you may start poor, if you work hard, you can make pots of money. It is a central part of the American Dream.
The political consensus, therefore, has sought to pursue economic growth rather than the redistribution of income, in keeping with John Kennedy's adage that “a rising tide lifts all boats.” The tide has been rising fast recently. Thanks to a jump in productivity growth after 1995, America's economy has outpaced other rich countries' for a decade. Its workers now produce over 30% more each hour they work than ten years ago. In the late 1990s everybody shared in this boom. Though incomes were rising fastest at the top, all workers' wages far outpaced inflation.
Explanation:
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