Question

one factor that probably led to the 1937 recession was * 1 point the failure of the fdic to insure failing banks. the cuts roosevelt made to the wpa and pwa. the additional money spent on the arts under the wpa. roosevelt’s deficit spending.

Explanation:

To determine the factor leading to the 1937 recession, we analyze each option:

• The FDIC (Federal Deposit Insurance Corporation) was effective in insuring banks, so its failure to do so is incorrect.
• Spending on arts under WPA was a small part and not a main cause of the 1937 recession.
• Roosevelt's deficit spending was part of New Deal recovery, not a direct cause of the 1937 recession.
• The cuts Roosevelt made to the WPA (Works Progress Administration) and PWA (Public Works Administration) reduced government spending, which, along with other factors like reduced monetary expansion, contributed to the 1937 recession as it weakened the economic recovery momentum.

Answer:

the cuts Roosevelt made to the WPA and PWA.