What Was President Roosevelt Referring to When He Stated That

question 4

Multiple Choice

What was President Roosevelt referring to when he stated that "capitalism was saved in [those] eight days"?

• A) The bank holiday that he imposed upon entering office
• B) The amount of time it took to pass the Social Security Act
• C) The creation of the National Recovery Administration that suspended antitrust laws
• D) The appointment of his cabinet and the Brain Trust who advised him on financial issues

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Rules of The Game

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Components of a society's system, including laws, regulations, norms, and conventions that shape economic and social interactions.

Property Rights

This term denotes the legal rights to own, use, and dispose of assets. It's a foundational element of market economies, affecting the allocation and use of resources.

Standards of Living

The level of wealth, comfort, material goods, and necessities available to a certain socioeconomic class or geographic area.