All Courses
Explore Courses UPSC Exam UPSC Test Series Free Notes EduRev Infinity Get the App Login Join for Free
Sign in Open App
GMAT Exam  >  GMAT Questions  >  The New Deal in America began in 1933 and inc... Start Learning for Free
SaveJoin the Discussion on the App
The New Deal in America began in 1933 and included widespread bank reforms, unprecedented government infrastructure spending, and unparalleled expansion in the size of government. Some political commentators and economic historians contend that President Franklin Roosevelt's New Deal singlehandedly propelled the United States out of the Great Depression and into decades of uninterrupted prosperity. To support this claim, these economists note that during the years following 1933, GDP grew, unemployment shrunk, and optimism increased.
Q. Which of the following statements, if true, would most weaken the above argument?
  • a)
    The considerable debt burden that the government assumed to fund the New Deal sparked fear in the minds of some economists, investors, and businessmen.
  • b)
    The considerable government expenditures and massive labor requirements engendered by America's entry into World War II in late 1941 helped employ Americans and grow GDP.
  • c)
    On average, GDP per capita fell and unemployment rose in many foreign countries during the years after President Roosevelt announced his New Deal.
  • d)
    During 1939, the U.S. economy contracted sharply, unemployment jumped 5%, and America's optimism fell.
  • e)
    U.S. GDP during the mid 1930s stood at levels much lower than 30 years later.
Correct answer is option 'D'. Can you explain this answer?
FREE This question is part of
Download PDF Attempt Test
Download PDF Attempt this Test
Verified Answer
The New Deal in America began in 1933 and included widespread bank ref...
The argument's claim is: the "New Deal singlehandedly propelled the United States out of the Great Depression and into decades of uninterrupted prosperity."
The argument's evidence for this is: "during the years following 1933, GDP grew, unemployment shrunk, and optimism increased."
A. The stimulus never states that the fear sparked in "some" (note that we do not know how many) by debt spending actually exceeded the fear of not debt spending on infrastructure etc.. Further, this answer never states that the fear actually translated into a reduction in GDP or an increase in unemployment (the two main factors used to support the argument).
B. This answer merely states that World War II "expanded" economic prosperity. There is a difference between expanding prosperity and propelling a country out of a recession (i.e., the New Deal may have propelled the USA out of the depression while World War II strengthened the already growing economy). This answer does not state that World War II "propelled the United States out" of a depression and so it does not weaken the argument that it was the New Deal (not another program or event) that propelled the United States out of the Great Depression.
C. This answer speaks to the global condition while the argument pertains only to what "propelled the United States out" of the depression.
D. This answer undermines the notion that the New Deal "singlehandedly propelled the United States out of the Great Depression and into decades of uninterrupted prosperity" since the recession came back six years later.
E. This answer fails to weaken the original argument that the New Deal "singlehandedly propelled" the country out of the Great Depression since numerous other events could have propelled the country out of the depression between 1933 and 30 years after the mid-1930s.
View all questions of this test
Most Upvoted Answer
The New Deal in America began in 1933 and included widespread bank ref...
Explanation:

D. During 1939, the U.S. economy contracted sharply, unemployment jumped 5%, and Americas optimism fell:
- This statement weakens the argument by suggesting that the positive trends observed in the years following the New Deal were not sustained.
- The contraction in the economy, increase in unemployment, and decrease in optimism in 1939 indicate that the New Deal may not have singlehandedly propelled the United States into uninterrupted prosperity.
- It highlights that there were still challenges and setbacks in the economy despite the implementation of the New Deal policies.
Therefore, option D weakens the argument by pointing out a significant downturn in economic indicators in 1939, which challenges the notion that the New Deal alone led to decades of prosperity.
Attention GMAT Students!
To make sure you are not studying endlessly, EduRev has designed GMAT study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in GMAT.
< Previous Question Next Question >
Explore Courses for GMAT exam

Similar GMAT Doubts

John Maynard Keynes and Friedrich Hayek, two prominent public figures associated with the Great Depression that started with the collapse of the stock market in 1929, both proposed different ways to restore the economy. Keynes, an economist from Cambridge, believed that the government should intervene in the situation, whereas Hayek, a professor from Austria, maintained that government involvement would be futile.Although Hayek almost singlehandedly established the distinction between microeconomics and macroeconomics, engineering the transfer from classical economics to the more practical and application-oriented methodology of mathematical economics, his solution for emerging from the Great Depression was underestimated in the light of Keynes contribution to economic theory. In his 2012 study Keynes Hayek: The Clash that Defined Modern Economics, famous theorist Nicholas Wapshott traces the history of the applications of both mens theories, giving unprecedented importance to Hayeks work. Describing how the Keynesian vision dominated Western economic analyses until the 1970s, Wapshott surmises that the primary reason for the dominance of Keynes theory during the Depression was that Hayeks solutions to the issue of economic recession were not politically viable. Hayek prescribed to the belief that, when left to its own devices, the market would eventually recover from its downturn and resume its equilibrium; this position was, not surprisingly, rejected by both the US and European political organizations, each seeking to prove its worth in reestablishing the economys prosperity.According to the passage, which of the following is true?

John Maynard Keynes and Friedrich Hayek, two prominent public figures associated with the Great Depression that started with the collapse of the stock market in 1929, both proposed different ways to restore the economy. Keynes, an economist from Cambridge, believed that the government should intervene in the situation, whereas Hayek, a professor from Austria, maintained that government involvement would be futile.Although Hayek almost singlehandedly established the distinction between microeconomics and macroeconomics, engineering the transfer from classical economics to the more practical and application-oriented methodology of mathematical economics, his solution for emerging from the Great Depression was underestimated in the light of Keynes contribution to economic theory. In his 2012 study Keynes Hayek: The Clash that Defined Modern Economics, famous theorist Nicholas Wapshott traces the history of the applications of both mens theories, giving unprecedented importance to Hayeks work. Describing how the Keynesian vision dominated Western economic analyses until the 1970s, Wapshott surmises that the primary reason for the dominance of Keynes theory during the Depression was that Hayeks solutions to the issue of economic recession were not politically viable. Hayek prescribed to the belief that, when left to its own devices, the market would eventually recover from its downturn and resume its equilibrium; this position was, not surprisingly, rejected by both the US and European political organizations, each seeking to prove its worth in reestablishing the economys prosperity.According to the passage, which of the following was true of political parties at the time of the Great Depression?

John Maynard Keynes and Friedrich Hayek, two prominent public figures associated with the Great Depression that started with the collapse of the stock market in 1929, both proposed different ways to restore the economy. Keynes, an economist from Cambridge, believed that the government should intervene in the situation, whereas Hayek, a professor from Austria, maintained that government involvement would be futile.Although Hayek almost singlehandedly established the distinction between microeconomics and macroeconomics, engineering the transfer from classical economics to the more practical and application-oriented methodology of mathematical economics, his solution for emerging from the Great Depression was underestimated in the light of Keynes contribution to economic theory. In his 2012 study Keynes Hayek: The Clash that Defined Modern Economics, famous theorist Nicholas Wapshott traces the history of the applications of both mens theories, giving unprecedented importance to Hayeks work. Describing how the Keynesian vision dominated Western economic analyses until the 1970s, Wapshott surmises that the primary reason for the dominance of Keynes theory during the Depression was that Hayeks solutions to the issue of economic recession were not politically viable. Hayek prescribed to the belief that, when left to its own devices, the market would eventually recover from its downturn and resume its equilibrium; this position was, not surprisingly, rejected by both the US and European political organizations, each seeking to prove its worth in reestablishing the economys prosperity.Which of the following would the author most likely agree with?

John Maynard Keynes and Friedrich Hayek, two prominent public figures associated with the Great Depression that started with the collapse of the stock market in 1929, both proposed different ways to restore the economy. Keynes, an economist from Cambridge, believed that the government should intervene in the situation, whereas Hayek, a professor from Austria, maintained that government involvement would be futile.Although Hayek almost singlehandedly established the distinction between microeconomics and macroeconomics, engineering the transfer from classical economics to the more practical and application-oriented methodology of mathematical economics, his solution for emerging from the Great Depression was underestimated in the light of Keynes contribution to economic theory. In his 2012 study Keynes Hayek: The Clash that Defined Modern Economics, famous theorist Nicholas Wapshott traces the history of the applications of both mens theories, giving unprecedented importance to Hayeks work. Describing how the Keynesian vision dominated Western economic analyses until the 1970s, Wapshott surmises that the primary reason for the dominance of Keynes theory during the Depression was that Hayeks solutions to the issue of economic recession were not politically viable. Hayek prescribed to the belief that, when left to its own devices, the market would eventually recover from its downturn and resume its equilibrium; this position was, not surprisingly, rejected by both the US and European political organizations, each seeking to prove its worth in reestablishing the economys prosperity.The primary purpose of the passage is to

Top Courses for GMATView all

Top Courses for GMAT

The New Deal in America began in 1933 and included widespread bank reforms, unprecedented government infrastructure spending, and unparalleled expansion in the size of government. Some political commentators and economic historians contend that President Franklin Roosevelt's New Deal singlehandedly propelled the United States out of the Great Depression and into decades of uninterrupted prosperity. To support this claim, these economists note that during the years following 1933, GDP grew, unemployment shrunk, and optimism increased.Q. Which of the following statements, if true, would most weaken the above argument?a)The considerable debt burden that the government assumed to fund the New Deal sparked fear in the minds of some economists, investors, and businessmen.b)The considerable government expenditures and massive labor requirements engendered by America's entry into World War II in late 1941 helped employ Americans and grow GDP.c)On average, GDP per capita fell and unemployment rose in many foreign countries during the years after President Roosevelt announced his New Deal.d)During 1939, the U.S. economy contracted sharply, unemployment jumped 5%, and America's optimism fell.e)U.S. GDP during the mid 1930s stood at levels much lower than 30 years later.Correct answer is option 'D'. Can you explain this answer?
Question Description
The New Deal in America began in 1933 and included widespread bank reforms, unprecedented government infrastructure spending, and unparalleled expansion in the size of government. Some political commentators and economic historians contend that President Franklin Roosevelt's New Deal singlehandedly propelled the United States out of the Great Depression and into decades of uninterrupted prosperity. To support this claim, these economists note that during the years following 1933, GDP grew, unemployment shrunk, and optimism increased.Q. Which of the following statements, if true, would most weaken the above argument?a)The considerable debt burden that the government assumed to fund the New Deal sparked fear in the minds of some economists, investors, and businessmen.b)The considerable government expenditures and massive labor requirements engendered by America's entry into World War II in late 1941 helped employ Americans and grow GDP.c)On average, GDP per capita fell and unemployment rose in many foreign countries during the years after President Roosevelt announced his New Deal.d)During 1939, the U.S. economy contracted sharply, unemployment jumped 5%, and America's optimism fell.e)U.S. GDP during the mid 1930s stood at levels much lower than 30 years later.Correct answer is option 'D'. Can you explain this answer? for GMAT 2024 is part of GMAT preparation. The Question and answers have been prepared according to the GMAT exam syllabus. Information about The New Deal in America began in 1933 and included widespread bank reforms, unprecedented government infrastructure spending, and unparalleled expansion in the size of government. Some political commentators and economic historians contend that President Franklin Roosevelt's New Deal singlehandedly propelled the United States out of the Great Depression and into decades of uninterrupted prosperity. To support this claim, these economists note that during the years following 1933, GDP grew, unemployment shrunk, and optimism increased.Q. Which of the following statements, if true, would most weaken the above argument?a)The considerable debt burden that the government assumed to fund the New Deal sparked fear in the minds of some economists, investors, and businessmen.b)The considerable government expenditures and massive labor requirements engendered by America's entry into World War II in late 1941 helped employ Americans and grow GDP.c)On average, GDP per capita fell and unemployment rose in many foreign countries during the years after President Roosevelt announced his New Deal.d)During 1939, the U.S. economy contracted sharply, unemployment jumped 5%, and America's optimism fell.e)U.S. GDP during the mid 1930s stood at levels much lower than 30 years later.Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for GMAT 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The New Deal in America began in 1933 and included widespread bank reforms, unprecedented government infrastructure spending, and unparalleled expansion in the size of government. Some political commentators and economic historians contend that President Franklin Roosevelt's New Deal singlehandedly propelled the United States out of the Great Depression and into decades of uninterrupted prosperity. To support this claim, these economists note that during the years following 1933, GDP grew, unemployment shrunk, and optimism increased.Q. Which of the following statements, if true, would most weaken the above argument?a)The considerable debt burden that the government assumed to fund the New Deal sparked fear in the minds of some economists, investors, and businessmen.b)The considerable government expenditures and massive labor requirements engendered by America's entry into World War II in late 1941 helped employ Americans and grow GDP.c)On average, GDP per capita fell and unemployment rose in many foreign countries during the years after President Roosevelt announced his New Deal.d)During 1939, the U.S. economy contracted sharply, unemployment jumped 5%, and America's optimism fell.e)U.S. GDP during the mid 1930s stood at levels much lower than 30 years later.Correct answer is option 'D'. Can you explain this answer?.
Solutions for The New Deal in America began in 1933 and included widespread bank reforms, unprecedented government infrastructure spending, and unparalleled expansion in the size of government. Some political commentators and economic historians contend that President Franklin Roosevelt's New Deal singlehandedly propelled the United States out of the Great Depression and into decades of uninterrupted prosperity. To support this claim, these economists note that during the years following 1933, GDP grew, unemployment shrunk, and optimism increased.Q. Which of the following statements, if true, would most weaken the above argument?a)The considerable debt burden that the government assumed to fund the New Deal sparked fear in the minds of some economists, investors, and businessmen.b)The considerable government expenditures and massive labor requirements engendered by America's entry into World War II in late 1941 helped employ Americans and grow GDP.c)On average, GDP per capita fell and unemployment rose in many foreign countries during the years after President Roosevelt announced his New Deal.d)During 1939, the U.S. economy contracted sharply, unemployment jumped 5%, and America's optimism fell.e)U.S. GDP during the mid 1930s stood at levels much lower than 30 years later.Correct answer is option 'D'. Can you explain this answer? in English & in Hindi are available as part of our courses for GMAT. Download more important topics, notes, lectures and mock test series for GMAT Exam by signing up for free.
Here you can find the meaning of The New Deal in America began in 1933 and included widespread bank reforms, unprecedented government infrastructure spending, and unparalleled expansion in the size of government. Some political commentators and economic historians contend that President Franklin Roosevelt's New Deal singlehandedly propelled the United States out of the Great Depression and into decades of uninterrupted prosperity. To support this claim, these economists note that during the years following 1933, GDP grew, unemployment shrunk, and optimism increased.Q. Which of the following statements, if true, would most weaken the above argument?a)The considerable debt burden that the government assumed to fund the New Deal sparked fear in the minds of some economists, investors, and businessmen.b)The considerable government expenditures and massive labor requirements engendered by America's entry into World War II in late 1941 helped employ Americans and grow GDP.c)On average, GDP per capita fell and unemployment rose in many foreign countries during the years after President Roosevelt announced his New Deal.d)During 1939, the U.S. economy contracted sharply, unemployment jumped 5%, and America's optimism fell.e)U.S. GDP during the mid 1930s stood at levels much lower than 30 years later.Correct answer is option 'D'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of The New Deal in America began in 1933 and included widespread bank reforms, unprecedented government infrastructure spending, and unparalleled expansion in the size of government. Some political commentators and economic historians contend that President Franklin Roosevelt's New Deal singlehandedly propelled the United States out of the Great Depression and into decades of uninterrupted prosperity. To support this claim, these economists note that during the years following 1933, GDP grew, unemployment shrunk, and optimism increased.Q. Which of the following statements, if true, would most weaken the above argument?a)The considerable debt burden that the government assumed to fund the New Deal sparked fear in the minds of some economists, investors, and businessmen.b)The considerable government expenditures and massive labor requirements engendered by America's entry into World War II in late 1941 helped employ Americans and grow GDP.c)On average, GDP per capita fell and unemployment rose in many foreign countries during the years after President Roosevelt announced his New Deal.d)During 1939, the U.S. economy contracted sharply, unemployment jumped 5%, and America's optimism fell.e)U.S. GDP during the mid 1930s stood at levels much lower than 30 years later.Correct answer is option 'D'. Can you explain this answer?, a detailed solution for The New Deal in America began in 1933 and included widespread bank reforms, unprecedented government infrastructure spending, and unparalleled expansion in the size of government. Some political commentators and economic historians contend that President Franklin Roosevelt's New Deal singlehandedly propelled the United States out of the Great Depression and into decades of uninterrupted prosperity. To support this claim, these economists note that during the years following 1933, GDP grew, unemployment shrunk, and optimism increased.Q. Which of the following statements, if true, would most weaken the above argument?a)The considerable debt burden that the government assumed to fund the New Deal sparked fear in the minds of some economists, investors, and businessmen.b)The considerable government expenditures and massive labor requirements engendered by America's entry into World War II in late 1941 helped employ Americans and grow GDP.c)On average, GDP per capita fell and unemployment rose in many foreign countries during the years after President Roosevelt announced his New Deal.d)During 1939, the U.S. economy contracted sharply, unemployment jumped 5%, and America's optimism fell.e)U.S. GDP during the mid 1930s stood at levels much lower than 30 years later.Correct answer is option 'D'. Can you explain this answer? has been provided alongside types of The New Deal in America began in 1933 and included widespread bank reforms, unprecedented government infrastructure spending, and unparalleled expansion in the size of government. Some political commentators and economic historians contend that President Franklin Roosevelt's New Deal singlehandedly propelled the United States out of the Great Depression and into decades of uninterrupted prosperity. To support this claim, these economists note that during the years following 1933, GDP grew, unemployment shrunk, and optimism increased.Q. Which of the following statements, if true, would most weaken the above argument?a)The considerable debt burden that the government assumed to fund the New Deal sparked fear in the minds of some economists, investors, and businessmen.b)The considerable government expenditures and massive labor requirements engendered by America's entry into World War II in late 1941 helped employ Americans and grow GDP.c)On average, GDP per capita fell and unemployment rose in many foreign countries during the years after President Roosevelt announced his New Deal.d)During 1939, the U.S. economy contracted sharply, unemployment jumped 5%, and America's optimism fell.e)U.S. GDP during the mid 1930s stood at levels much lower than 30 years later.Correct answer is option 'D'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice The New Deal in America began in 1933 and included widespread bank reforms, unprecedented government infrastructure spending, and unparalleled expansion in the size of government. Some political commentators and economic historians contend that President Franklin Roosevelt's New Deal singlehandedly propelled the United States out of the Great Depression and into decades of uninterrupted prosperity. To support this claim, these economists note that during the years following 1933, GDP grew, unemployment shrunk, and optimism increased.Q. Which of the following statements, if true, would most weaken the above argument?a)The considerable debt burden that the government assumed to fund the New Deal sparked fear in the minds of some economists, investors, and businessmen.b)The considerable government expenditures and massive labor requirements engendered by America's entry into World War II in late 1941 helped employ Americans and grow GDP.c)On average, GDP per capita fell and unemployment rose in many foreign countries during the years after President Roosevelt announced his New Deal.d)During 1939, the U.S. economy contracted sharply, unemployment jumped 5%, and America's optimism fell.e)U.S. GDP during the mid 1930s stood at levels much lower than 30 years later.Correct answer is option 'D'. Can you explain this answer? tests, examples and also practice GMAT tests.
Explore Courses for GMAT exam

Top Courses for GMAT

Explore Courses

Suggested Free Tests

Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev
Get App
© EduRev
Education Revolution
Signup to see your scores go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup