Which one of the following is not a feature of 'The New Deal' in USA?
- AOption (a)
Politico-administrative intervention for economic growth
- BOption (b)
Sophisticated analysis for social change
- COption (c)
Projects like Tennessee valley authority (TVA)
- DOption (d)
Development of policy decision making
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Correct answer
Sophisticated analysis for social change
Why this answer is correct
The correct answer is - Sophisticated analysis for social change
Key Points
- The New Deal
- The New Deal was a series of programs, public work projects, financial reforms, and regulations implemented in the United States during the 1930s under President Franklin D. Roosevelt.
- It aimed to address the economic hardships caused by the Great Depression.
- It focused on relief (for the unemployed and poor), recovery (of the economy), and reform (of the financial system).
- Why "Sophisticated analysis for social change" is not a feature
- The New Deal was primarily a pragmatic response to economic challenges rather than an ideologically driven effort for social change.
- Its focus was on practical measures like job creation, infrastructure development, and financial reforms rather than detailed theoretical analyses or intellectual frameworks for societal transformation.
Additional Information
- Key features of The New Deal
- Politico-administrative intervention: The government actively intervened in the economy to promote recovery and growth through programs and agencies like the Works Progress Administration (WPA) and the Civilian Conservation Corps (CCC).
- Projects like the Tennessee Valley Authority (TVA): Large-scale infrastructure projects such as the TVA were launched to provide jobs, improve regional development, and generate electricity.
- Development of policy decision-making frameworks: The government introduced regulatory reforms to stabilize the financial system, such as the establishment of the Securities and Exchange Commission (SEC) and the Federal Deposit Insurance Corporation (FDIC).
- Historical context
- The New Deal was implemented in response to the Great Depression, which began with the stock market crash of 1929.
- It marked a significant shift in U.S. government policy, with increased federal involvement in economic and social welfare.