Why did Roosevelt think he was justified in cutting federal spending in 1937?

1 answer:

6 0

The Roosevelt Recession of 1937 was due to the contraction of the money supply by the Federal Reserve and the Treasury Department policies.

Explanation:

The New Deal program introduced by the Roosevelt Government focused on 3 R's-Relief ,Recovery and Reform

Relief -Immediate action to betaken in order to halt the economic deterioration
Recovery- In order to start the flow of consumer Demand public work projects where started.
Reform-Permanent programs where established to save the economy from another economic disaster

Roosevelt think he was justified in cutting federal spending in the year 1937 because new deal program have increased production wages and profit(C)

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