FDR Addresses Nation, National Economic Policy Pt 1

The transcript outlines a seven-point economic program presented to the U.S. Congress aimed at maintaining low living costs. Key measures include increasing taxes, regulating profits, fixing prices and rents, stabilizing wages and farm prices, investing in war bonds, rationing scarce commodities, and discouraging installment buying. The program is expected to affect all U.S. citizens, either directly or indirectly.

What is the primary goal of the seven-point program introduced to Congress?

• To increase corporate profits

• To maintain a low cost of living

• To reduce taxes

• To encourage installment buying

Which of the following is NOT a part of the stabilization measures mentioned?

• Stabilizing farm prices

• Increasing corporate profits

• Fixing prices and rents

• Stabilizing wages

How does the program propose to handle scarce commodities?

• By reducing their prices

• By exporting them

• By rationing them

• By increasing production

What financial action is encouraged as part of the program?

• Reducing war bond investments

• Buying more on installment

• Paying off debts and mortgages

• Taking more loans

Who will be affected by the seven-point program?

• Only those with debts

• Only farmers

• Every single person in the United States

• Only corporate entities