What headline there isn’t any?
Answer:
The correct answers are C, <em>calling for immediate federal funding to support financial institutions troubled by bank runs</em> and D, <em>creating a series of federal programs to provide employment on public works</em>.
Explanation:
Republican President Herbert Hoover (1874-1964) firmly believed the government should not intervene in the economic field. Because of this his administration only actively fought the economical crisis in early 1932, when unemployment was around 23%.
During that year Hoover's administration got Congress to approve the creation of the Reconstruction Finance Corporation (RFC), an institution to financially support states' governments and financial institutions. RFC saved a few banks but not enough to ease the crisis.
In mid-1932 Hoover signed the Emergency Relief and Construction Act that liberated public funds for public works to provide employment.
Options A, B and E are wrong:
When the government worked on the housing field for low-income individuals it was not through tax cuts; (A)
it did not urge private agencies to organize relief efforts, only to not cut wages during the beginning of the crisis; (B)
on the contrary, Hoover established a moratorium on foreign debts related to World War I (1914-1918) to stop the European crisis caused by the American crisis aiming to help both economies. (E)
The correct answer to this open question is the following.
I consider the United States space race of the 1950s-1969 against the Soviet Union as a failure?
Here is why.
In the times of the so-called Cold War, the Soviet Union had been the first to sent an artificial satellite into space, called "Sputnik." The date: October 4, 1957.
They had a clear advantage over the United States in the space race to the degree that this issue obsessed US President John F. Kennedy who ordered to invest millions of dollars to equal and pass the Soviet feat.
The federal government created a special agency, NASA, and spent millions of dollars trying to win the space race.
Under those conditions, it was not worth the cause.
Something totally different could have been if the US government had decided to invest and develop its space industry at its own pace. The problem here is that in thos Cold War days, the United States feared that this space advantage could represent a "war" advantage that had favored the Soviets.
