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The essential goal of Franklin Roosevelt's "managed currency" financial policy was to

a. force the Federal Reserve Board to lower interest rates.
b. raise the dollar's value against the British pound and German mark.
c. take the United States off the gold standard.
d. stimulate inflation.
e. restore confidence in banks.

Answer :

Answer:

D

Explanation:

The essential goal of Franklin Roosevelt's "managed currency" financial policy was to stimulate inflation.

Franklin D. Roosevelt's monetary  policies helped to pull the United States out of  the Great Depression. He first of all reduced the gold content of  the dollar, abandoned the promise to convert dollars to gold, and abrogated the gold clause  on all current, past, and future contracts. In  his administration  he expanded government spending, financed that spending with nominal  bonds, and convinced people that the bonds would not be fully backed by future taxes  until the economy recovered.

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