Congress and President Franklin Roosevelt Tackle Inflation

President Roosevelt addresses the economic challenges posed by inflation, emphasizing the need for legislative action to stabilize prices and wages. He highlights the importance of setting price ceilings and wage stabilization to prevent economic chaos. Roosevelt calls on Congress to act swiftly to support the war effort and ensure economic stability, focusing on the roles of farmers and industrial workers in the national economy.

What was the main focus of President Roosevelt's speech regarding inflation?

• To highlight the need for immediate legislative action

• To encourage more consumer spending

• To reduce taxes on luxury goods

• To promote international trade agreements

Why did President Roosevelt emphasize the stabilization of farm prices?

• To increase exports to other countries

• To reduce the cost of living by 50%

• To prevent a post-war economic collapse

• To encourage urbanization

What percentage of Americans depended on farming for their livelihood during the time of the speech?

• 40%

• 30%

• 50%

• 20%

What was the President's plan regarding wages in relation to the cost of living?

• To decrease wages to boost employment

• To stabilize wages in line with the cost of living

• To freeze wages indefinitely

• To increase wages by 10% annually

What role did Congress play in the economic measures discussed in the speech?

• They were promoting international trade agreements

• They were increasing taxes on luxury items

• They were reducing tariffs on imported goods

• They were preparing legislation to support farm and wage stabilization