1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
natali 33 [55]
3 years ago
14

What was the effect of President Roosevelt's attempt to balance the federal budget?

History
1 answer:
nordsb [41]3 years ago
7 0

Answer:

The effect of President Roosevelt's attempt to balance the federal budget was the economic recession of 1937.

Explanation:

In 1937, the government of the Democrat Franklin D. Roosevelt considered that, after 4 years of effort, the government should reduce its fiscal deficit and balance its accounts in order to avoid a progressive emptying of the public coffers. Roosevelt, who had won in the 1933 elections and had imposed the New Deal, greatly increasing public spending in line with Keynesian theory, decided it was time for the government to start pulling out of the economy. Thus, he decided to cut expenses (closing New Deal programs) and raise taxes, in order to balance the fiscal deficit.

The problem was that, as a consequence of the Great Depression and the correct application of the New Deal, the American economy was too weak not to have the support of the federal state. In other words, the American economy depended heavily on New Deal programs, and it had a degree of fiscal effort that was too great to raise taxes. Thus, with the taking of these measures, the American economy began to fall, entering in a recession.

You might be interested in
Which identifies a way many enslaved workers rebelled?
Sever21 [200]

Answer:

They caused work slowdowns

7 0
3 years ago
In Sept 1941, US polls showed 80% of Americans supported US neutrality in WW ll
8090 [49]

Answer: True I think

4 0
2 years ago
How did the Greek and Roman versions of democracy differ?
skad [1K]
They belived and worshiped diffrent Gods.
8 0
3 years ago
Read 2 more answers
What do Marissa Mayer and Indra Nooyi have in common?
Alekssandra [29.7K]
Both women are successful CEOs of major companies.
3 0
3 years ago
Read 2 more answers
Before public lands could be sold under the Land Ordinance of 1785, the land had to be
Ainat [17]

Answer: surveyed and divided.

Explanation:

4 0
3 years ago
Other questions:
  • Which algebraic expression represents this phrase?
    10·2 answers
  • Why and how did an increase in wealth affect the spread of the renaissance
    15·1 answer
  • Which supreme court case limited the government's ability to suppress a news story?
    15·1 answer
  • During the final years of World War II, how did the Allies gain control of the North Atlantic?
    8·1 answer
  • How did the death of Archduke Franz Ferdinand instigate (urge on) the collapse of peace in
    9·1 answer
  • Why were the cubans angry at the U.S?
    15·2 answers
  • Why was the San Antonio de Bexar mission so important geographically​
    6·1 answer
  • What was the dark side of the Hoover dam
    10·2 answers
  • Muslims do NOT get their laws from the Qur'an *<br> true or false
    10·2 answers
  • Help plsss asap!!!!!!
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!