A planned economy is a type of economic system where investment, production and the allocation of capital goods take place according to economy-wide economic plans and production plans. b. rejected the thinking of John Maynard Keynes. Question 9 (1 point) The New Deal: a) included a reliance on economic planning. Despite the coronavirus pandemic and the resultant ravaging of the global economy, the Deal Street managed to grow 7 per cent in 2020 over 2019 to about USD 80 billion across 1,268 transactions, thanks to a string of big-ticket deals by Reliance, according to a report. Conservatives condemned many New Deal concepts as socialist policies that undermined the country?s principles of self-reliance and private enterprise. For example, in 1933, President Roosevelt spearheaded the National Industrial Recovery Act, which proposed a national economic planning system to replace the existing capitalist structure. A planned economy may use centralized, decentralized, participatory or Soviet-type forms of economic planning. e. was similar to Stalin"s economic policy. Rural community economic practitioners can join the coalition advocating for a Green New Deal, unlocking new tools and levers such as democratic regional planning and democratic enterprise development. FDR implemented a series of projects and programs called the New Deal to stabilize the economy. c) was based on fascism. d) Fair Deal. b) was based on socialism. Question 42 The New Deal: Answers: a. was based on socialism. Recessions were more severe than they are today because there weren't the New Deal federal agencies to control corruption, fraud, and exploitation. The New Deal was a series of programs, public work projects, financial reforms, and regulations enacted by President Franklin D. Roosevelt in the United States between 1933 and 1939. REFORM: THE BANKING CRISIS. He won the 1932 election by … Most bills could be grouped around issues of relief, recovery, and reform. e) Great Society. Before the New Deal (1797-1932), there were 33 major economic downturns, 22 recessions, four depressions, and seven bank runs and panics. When Roosevelt took office, he faced one of the worst moments in the country’s banking history. Consequently, the New Deal was a series of short-term economic initiatives that lacked the long-term vision or planning that was necessary for truly revolutionary changes. Instead of tinkering around the edges of existing grant programs, now is the time to think about bold new tools for investment. Amid this economic contraction, Franklin Roosevelt campaigned for the U.S. presidency on the promise of a “new deal” for the American people. FDR embraced Keynesian economic policies and fought to expand the role of the federal government in the nation's economy. They impacted 60 of the 132 years covered. 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