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difference between the first and second New Deal

difference between the first and second New Deal

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Which of the following best summarizes the difference between the first and second New Deal: O The first New Deal was focused on immediate economic recovery, while the second New Deal was focused on security and equality. O The first New Deal was primary focused on industry and industrial workers, while the second New Deal was mainly focused on farming and rural areas of the country. O The first New Deal was focused on stimulating consumer spending to revive the economy, while the second New Deal was more focused on creating programs that could get people back to work.
Transcribed Image Text:Which of the following best summarizes the difference between the first and second New Deal: O The first New Deal was focused on immediate economic recovery, while the second New Deal was focused on security and equality. O The first New Deal was primary focused on industry and industrial workers, while the second New Deal was mainly focused on farming and rural areas of the country. O The first New Deal was focused on stimulating consumer spending to revive the economy, while the second New Deal was more focused on creating programs that could get people back to work.
During the New Deal, the government sought to help homeowners through the Home Owners Loan Corporation and Federal Housing Administration. These programs O Were ultimately declared unconstitutional due to government overreach. But before that happened, these programs helped homeowners from all walks of life refinance their home and get longer, fixed-rate mortgages. O Helped delay mortgage payments until the economy was in better standing, allowing Americans to stay in their homes until the fınancial climate of the country turned back around. These programs would eventually develop government policies to help protect Americans threatened with foreclosure that continue to be used today. O Provided mortgage insurance that would eventually help expand homeownership in the United States tremendously. However, the HOLC and FHA also based their work off of discriminatory assumptions/policies that would make it harder for minority communities to own homes.
Transcribed Image Text:During the New Deal, the government sought to help homeowners through the Home Owners Loan Corporation and Federal Housing Administration. These programs O Were ultimately declared unconstitutional due to government overreach. But before that happened, these programs helped homeowners from all walks of life refinance their home and get longer, fixed-rate mortgages. O Helped delay mortgage payments until the economy was in better standing, allowing Americans to stay in their homes until the fınancial climate of the country turned back around. These programs would eventually develop government policies to help protect Americans threatened with foreclosure that continue to be used today. O Provided mortgage insurance that would eventually help expand homeownership in the United States tremendously. However, the HOLC and FHA also based their work off of discriminatory assumptions/policies that would make it harder for minority communities to own homes.
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