Once in office, FDR set to work immediately. His "New Deal," it turned out, involved regulation and reform of the banking system, massive government spending to "prime the pump" by restarting the economy and putting people back to work, and the creation of a social services network to support those who had fallen on hard times.
Between 8 March and 16 June, in what later became known as the "First Hundred Days," Congress followed Roosevelt's lead by passing an incredible fifteen separate bills which, together, formed the basis of the New Deal. Several of the programs created during those three and a half months are still around in the federal government today. Some of Roosevelt's most notable actions during the Hundred Days were:
<span><span>A national bank holiday: The day after his inauguration, FDR declared a "bank holiday," closing all banks in the country to prevent a collapse of the banking system. With the banks closed, Roosevelt took measures to restore the public's confidence in the financial systems; when the banks reopened a week later, the panic was over.22</span><span>Ending the gold standard: To avoid deflation, FDR quickly suspended the gold standard.23 This meant that U.S. dollars no longer had to be backed up by gold reserves, which also meant that the government could print—and spend—more money to "prime the pump" of the economy.</span><span>Glass-Steagall Act: The Glass-Steagall Act imposed regulations on the banking industry that guided it for over fifty years, until it was repealed in 1999.24 The law separated commercial from investment banking, forced banks to get out of the business of financial investment, banned the use of bank deposits in speculation.25 It also created the FDIC[link to "FDIC" passage below]. The effect of the law was to give greater stability to the banking system.</span><span>FDIC: The Federal Deposit Insurance Commission backed all bank deposits up to $2500, meaning that most bank customers no longer had to worry that a bank failure would wipe out their life savings.26The agency continues to insure American deposits today.</span></span>
Weak defense in their industrial situation.
I hope this helps.
The answer is: E. It became a military superpower in the world but lacked a strong economy.
During the 20th century, United states more than 20% of its GDP to be allocated into millitary spending, which make us able to become a millitary superpower and contribute greatly to the victories during the world war I.
There is a downside to this. Large allocation to millitary budget means that there would be less that can be allocated to build things such as infrastructures, loans, government sponsored jobs, etc. Which is why the economy of united states at that era was a little bit lacking.
<span>European colonisation of Southeast Asia began as Western influence started to enter the area around the 16th century, when the Dutch and Portuguese were attracted by the lucrative spice trade. The Portuguese arrived in Malacca, Maluku and Timor, and the Spanish established themselves beginning from their conquest of Manila which expand into a larger territory of Spanish East Indies. Throughout the 17th and 18th centuries, the Dutch arrived in Batavia and established the Dutch East Indies, and the British established themselves in the Strait Settlements and further to British Malaya and Borneo as well in Burma. In the 19th century, the French joined their European counterparts in establishing French Indochina. By the turn of the century, all Southeast Asian nations were colonised except for Thailand.
European colonisation can be split into two distinct phases: the early phase before the Industrial Revolution, and the phase marked by the Industrial Revolution. The primary motivation for the first phase was the accumulation of wealth, but in the second phase, there was a change in the role of the Europeans in Southeast Asia, and capitalistic concerns were no longer the only source of motivation.</span>
