In Regards to the Uncommon Length of the Great Depression

question 14

Multiple Choice

In regards to the uncommon length of the Great Depression, both Schumpeter and Higgs contend that

• A) private investment remained depressed in part due to the political climate created by the New Deal.
• B) Social Security and the freedoms granted to labor, along with a progressive tax structure promoted growth in private investment.
• C) the undistributed profits tax of 1936 encouraged businesses to undertake long-term investments.
• D) the New Deal rhetoric from President Roosevelt, offered a pro-business slant that offended labor groups.

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Definitions:

UPA

Uniform Partnership Act, which is legislation adopted by several states to provide a standard for the governance of business partnerships, including the rights and duties of partners.

Economic Interest

A financial stake or involvement in an enterprise or transaction that has the potential to affect an individual's or entity's wealth.

Surplus

Funds that remain after a partnership has been dissolved and all other debts and prior obligations have been settled.

Vested Property Right

A right concerning property ownership that is fully guaranteed and cannot be taken away without due process.