FDR implemented a series of projects and programs called the New Deal to stabilize the economy. Before the New Deal (1797-1932), there were 33 major economic downturns, 22 recessions, four depressions, and seven bank runs and panics. Despite FDR's New Deal, … When Roosevelt took office, he faced one of the worst moments in the country’s banking history. Amid this economic contraction, Franklin Roosevelt campaigned for the U.S. presidency on the promise of a “new deal” for the American people. c) was based on fascism. d. was based on fascism. 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. e. was similar to Stalin"s economic policy. 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. Question 9 (1 point) The New Deal: a) included a reliance on economic planning. At the outset of the First New Deal, specific goals included 1) bank reform; 2) job creation; 3) economic regulation; and 4) regional planning. e) Great Society. 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. 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. REFORM: THE BANKING CRISIS. b. rejected the thinking of John Maynard Keynes. Question 43 d) was similar to Stalin’s economic … Other historians assess the legacy of the New Deal depending on their own political stand. 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. c. included a reliance on economic planning. He won the 1932 election by … Instead of tinkering around the edges of existing grant programs, now is the time to think about bold new tools for investment. A planned economy may use centralized, decentralized, participatory or Soviet-type forms of economic planning. d) Fair Deal. 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