By early 1932 the economy was in a bad state, as evidenced by... a 20% unemployment rate - which could be even higher in some cities O All of these local government and charity organizations couldn't provide enough aid for their communities O widespread bank failures and a liquidity crisis O O

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15
By early 1932 the economy was in a bad state, as
evidenced by.
a 20% unemployment rate - which could be
even higher in some cities
All of these
O local government and charity organizations
couldn't provide enough aid for their
communities
O widespread bank failures and a liquidity crisis
16
The New Deal raised which of the following
Constitutional questions..
O to what extent can the government regulate
private economic transactions?
O to what extent can the federal government
regulate commercial activity?
O All of these
to what extent can Congress delegate its
authority to the president?
Transcribed Image Text:15 By early 1932 the economy was in a bad state, as evidenced by. a 20% unemployment rate - which could be even higher in some cities All of these O local government and charity organizations couldn't provide enough aid for their communities O widespread bank failures and a liquidity crisis 16 The New Deal raised which of the following Constitutional questions.. O to what extent can the government regulate private economic transactions? O to what extent can the federal government regulate commercial activity? O All of these to what extent can Congress delegate its authority to the president?
14
German World War I reparations payments and
Allied debts to the United States...
had no impact on the American economy - the
United States forgave Allied debts after the
war, and Germany was easily making its
reparations payments
were connected - Germans borrowed money
from U.S. banks to pay the reparations, and
that money was then used by France and
Britain to pay their debts to the United States
were completely unrelated - the Allies did not
need reparations payments to pay their debts,
and the Germans had no trouble paying for
the reparations
O led to financial meltdown - reparations
payments hurt the German economy and the
Allies couldn't pay back any of their debts
Transcribed Image Text:14 German World War I reparations payments and Allied debts to the United States... had no impact on the American economy - the United States forgave Allied debts after the war, and Germany was easily making its reparations payments were connected - Germans borrowed money from U.S. banks to pay the reparations, and that money was then used by France and Britain to pay their debts to the United States were completely unrelated - the Allies did not need reparations payments to pay their debts, and the Germans had no trouble paying for the reparations O led to financial meltdown - reparations payments hurt the German economy and the Allies couldn't pay back any of their debts
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