By the End of 1938

question 37

Multiple Choice

By the end of 1938,

• A) the nation had largely emerged from the Depression.
• B) President Roosevelt began what became known as the "Third New Deal."
• C) Congress had come to accept the need for further reforms.
• D) the American public had come to strongly oppose the New Deal.
• E) the New Deal had largely come to an end.

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Definitions:

Affluent Society

refers to a society that enjoys a higher standard of living due to significant wealth accumulation, leading to a focus on consumerism and allocation of resources beyond basic needs.

Economic Problem

The fundamental challenge of meeting the unlimited needs and desires of individuals with limited resources, necessitating choices and priorities in allocation.

Standard Of Living

The level of prosperity, amenities, material possessions, and basic needs accessible to a specific social class or region.

Economic Growth

An increase in a country's output of goods and services over time, typically measured by changes in real GDP, indicating improvements in living standards and economic health.