The following quote can best be associated with which of the following?
We were (recently) faced by a condition and not a theory... There were just two alternatives: The first was to allow the foreclosures to continue, credit to be
withheld and money to go into hiding, and thus forcing liquidation and bankruptcy of banks, railroads and insurance companies and a recapitalizing of all
business and all property on a lower level. This alternative meant a continuation of what is loosely called "deflation", the net result of which would have
been extraordinary hardship on all property owners and, incidentally, extraordinary hardships on all persons working for wages through an increase in
unemployment and a further reduction of the wage scale... Even before I was inaugurated I came to the conclusion that such a policy was too much to ask
the American people to bear. It involved not only a further loss of homes, farms, savings and wages but also a loss of spiritual values -- the loss of that
sense of security for the present and the future so necessary to the peace and contentment of the individual and of his family. When you destroy these
things you will find it difficult to establish confidence of any sort in the future.
The New Deal
American isolationists
Soviet communists
Economic libertarians
