When Franklin Delano Roosevelt took office in 1933, he enacted a range of experimental programs to combat the Great Depression.
The New Deal was a set of domestic policies enacted under President Franklin D. Roosevelt that dramatically expanded the federal government’s role in the economy in response to the Great Depression.
Historians commonly speak of a First New Deal (1933-1934), with the “alphabet soup” of relief, recovery, and reform agencies it created, and a Second New Deal (1935-1938) that offered further legislative reforms and created the groundwork for today’s modern social welfare system. It was the massive military expenditures of World War II, not the New Deal, that eventually pulled the United States out of the Great Depression
The term New Deal derives from Franklin Roosevelt’s 1932 speech accepting the Democratic Party’s nomination for president. At the convention Roosevelt declared, “I pledge you, I pledge myself, to a new deal for the American people.” Though Roosevelt did not have concrete policy proposals in mind at the time, the phrase "New Deal" came to encompass his many programs designed to lift the United States out of the Great Depression
C. The law of supply and demand does not apply because, in a command economy, the government controls the market.
Explanation:
The command economy is an economic system where the economic decision will be taken by the government as to what and how to produce goods. It will not depend on the law of supply and demand as the market economy does.
