answersLogoWhite

0


Best Answer

The first thing the New Deal did was to restore the public's confidence in the banking system. The Emergency Banking Act was passed which eliminated the weak banks and the Federal Reserve System issued loans to the well-managed banks to keep them economically sound. The Federal Emergency Relief Administration issued $500 million to the states so they could help set up projects to aid the poor and unemployed. Agencies like the CCC and WPA hired men and put many of the unemployed to work on various projects in the states and the nation. The overall attempt to stem the economic collapse by the New Deal was enacting of measures to relieve, recover, and reform the economy.

User Avatar

Wiki User

13y ago
This answer is:
User Avatar
More answers
User Avatar

Wiki User

9y ago

The New Deal stimulated the economy by creating jobs for the unemployed. Franklin Roosevelt's New Deal Program began in 1937.

This answer is:
User Avatar

User Avatar

Wiki User

11y ago
lowering taxes
This answer is:
User Avatar

User Avatar

Wiki User

12y ago

lowering taxes

This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Did the new deal involve attempts to stimulate the American economy by increasing government spending?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Continue Learning about General History
Related questions

The new deal involved attempts to stimulate the American economy by what?

Lowering taxes.


Why is Japan's national debt so high?

The Japanese government borrowed vast sums of money and spent it in partly unsuccessful attempts to stimulate the Japanese economy.


The US government encouraged attempts to?

The United States government encouraged attempts to take Native Americans lands.


Which of these best describes the purpose of the Mayflower Compact-?

One of the first attempts was at self government in the english colonies


Which government body struck significant blows to President Roosevelt's attempts to change the American economy by declaring some New Deal laws unconstitutional?

Supreme Court


What describes the stability function of government?

The government attempts to keep the economy from becoming unmanageable.


Why didn't Indians use diplomacy?

Some of the most eloquent and beautiful speeches ever made were spoken by American Indians trying to use diplomacy with the American government and their representatives. There were as many attempts at diplomacy by the Indians as there were treaty promises, probably thousands of more times. It wouldn't have mattered. The American government and her people's wanted the Indian "problem" gone.


When the government attempts to cover large deficits by creating more money. what is the probable result called?

Inflation. Increasing the money supply dilutes the value of the money already in the economy. This dilution has the effect of driving up prices, thus inflation.


How many American attempts were made to kill Hitler?

none


How do you use autocratic government in a sentence?

It was a feudal society with an autocratic government and few attempts to secure popular consent.


Which of these is the best description of the equity function of government?

The government attempts to correct market failures like monoplies


What is it called when the government attempts to prevent you from speaking before you speak?

Prior restraint.