QQuestionHistory
QuestionHistory
"What were two weaknesses of the First New Deal?
It created tension within labor unions.
It caused people to distrust the banks.
It failed to properly regulate the banks.
It created a huge national deficit.
It failed to end massive unemployment."
3 months agoReport content
Answer
Full Solution Locked
Sign in to view the complete step-by-step solution and unlock all study resources.
Step 1: Identify the two weaknesses of the First New Deal from the given options.
The two weaknesses of the First New Deal were: - It created tension within labor unions. - It failed to properly regulate the banks.
Step 2: Explain each weakness.
The First New Deal attempted to address the economic crisis by working with business and labor. However, some of its policies, such as the National Industrial Recovery Act (NIRA), created tension within labor unions. The NIRA established codes of fair competition that set prices and production levels but did not protect workers' rights. This led to disagreements between business and labor, causing tension within labor unions. Additionally, the First New Deal did not adequately address the issue of bank regulation. Although the Emergency Banking Act helped to stabilize the banking system, it did not prevent future bank failures. The Banking Act of 1933, also known as the Glass-Steagall Act, was passed during the Second New Deal and provided more comprehensive banking reforms, such as separating commercial and investment banking.
Final Answer
The two weaknesses of the First New Deal were: 1. It created tension within labor unions due to inadequate protection of workers' rights in the National Industrial Recovery Act. 2. It failed to properly regulate the banks, as seen by the lack of comprehensive banking reforms until the Banking Act of 1933 during the Second New Deal.
Need Help with Homework?
Stuck on a difficult problem? We've got you covered:
- Post your question or upload an image
- Get instant step-by-step solutions
- Learn from our AI and community of students