Select ALL the correct answers. What were two weaknesses of the First New Deal? It created a huge national deficit. It created tension within labor unions. It caused people to distrust the banks. It failed to properly regulate the banks. It failed to end massive unemployment.

The correct options are C and E. Deflation made debt more substantial and made it difficult for many businesses and people to afford loan repayments. As bankruptcy and default rates rose, thousands of banks failed. More than 1,000 American banks operated every year between 1930 and 1933.

What were the negative effects of the New Deal?

During the 1930s, the New Deal's taxes significantly reduced employment, prolonging a period of unemployment where the rate was an average of 17%. Employers had less money for expansion and job creation as a result of higher company taxes. Employers found it more expensive to hire individuals due to Social Security excise fees on payrolls, which discouraged hiring.

Black people still had inferior status. Discrimination and racism were still pervasive. Blacks were housed in CCC camps, and when Norris, a new town in the Tennessee Valley, was established, blacks were not permitted to dwell there. - Most occupations went to white people, and the few positions that went to black people were relatively low-paying.

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Select ALL the correct answers. What were two weaknesses of the First New Deal? It created a huge national deficit. It created tension within labor unions. It caused people to distrust the banks. It failed to properly regulate the banks. It failed to end massive unemployment.​

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What were the negative effects of the New Deal?

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Select ALL the correct answers. What were two weaknesses of the First New Deal? It created a huge national deficit. It created tension within labor unions. It caused people to distrust the banks. It failed to properly regulate the banks. It failed to end massive unemployment.