48. The philosophy behind the New Deal was primarily toA. restore the laissez-faire capitalism which had worked so well in the early 1920s.B. eliminate the massive federal deficit which had led to the Great Depression by mandating a balanced federal budget.C. establish a socialist system in which government would take over private industry, set all prices, and guarantee employment for workers.D. cut down the size of government, which had become a massive drain on the nation's economy and return more power to the states so they could each deal with their specific economic problems in their own way. E. expand the role of federal government in providing jobs, relief for the unemployed, better wages, and regulation of industry to control the abuses of the past which had led to the current depression.

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