Which of the following measures does Roosevelt NOT suggest to improve the American economy?
A.
creating new jobs by direct government action
B.
strict oversight of the financial industry
C.
creating a unified national infrastructure for utilities and transport
D.
nationalizing the country’s banking and lending systems
To determine which of the measures Roosevelt did not suggest to improve the American economy, we need to analyze each option.
A. Creating new jobs by direct government action: Roosevelt suggested this measure as part of his New Deal programs to combat unemployment during the Great Depression. This measure involves the government directly creating jobs and providing employment opportunities.
B. Strict oversight of the financial industry: Roosevelt recognized the need for increased regulation and oversight of the financial industry. He implemented several measures, including the creation of the Securities and Exchange Commission (SEC) to regulate the stock market and the Glass-Steagall Act to separate commercial and investment banking.
C. Creating a unified national infrastructure for utilities and transport: Roosevelt advocated for investing in infrastructure as a means to stimulate economic growth. This involved developing a unified national infrastructure for utilities (such as electricity and water) and transport (such as roads and railways). He established programs like the Works Progress Administration (WPA) to create jobs through infrastructure projects.
D. Nationalizing the country’s banking and lending systems: Roosevelt did not suggest nationalizing the country's banking and lending systems. Instead, he implemented measures to stabilize the banking sector and restore public confidence. These measures included the Emergency Banking Act, which allowed the government to regulate and reopen banks that were deemed stable.
Therefore, the answer is D. Nationalizing the country’s banking and lending systems. Roosevelt did not propose nationalizing the banking and lending systems as a means to improve the American economy.