This excerpt is from a radio address delivered by U.S. President Franklin D. Roosevelt in 1933, a time of great economic uncertainty and hardship.,end italics,
from ,begin bold,The Fireside Chats of Franklin Delano Roosevelt,end bold,
I am certain that the people of this country understand and approve the broad purposes behind these new governmental policies relating to agriculture and industry and transportation. We found ourselves faced with more agricultural products than we could possibly consume ourselves and surpluses which other nations did not have the cash to buy from us except at prices ruinously low. We found our factories able to turn out more goods than we could possibly consume, and at the same time we were faced with a falling export demand. We found ourselves with more facilities to transport goods and crops than there were goods and crops to be transported. All of this has been caused in large part by a complete lack of planning and a complete failure to understand the danger signals that have been flying ever since the close of the World War. The people of this country have been erroneously encouraged to believe that they could keep on increasing the output of farm and factory indefinitely and that some magician would find ways and means for that increased output to be consumed with reasonable profit to the producer. . . .
It is wholly wrong to call the measure that we have taken government control of farming, control of industry, and control of transportation. It is rather a ,begin underline,partnership,end underline, between government and farming and industry and transportation, not partnership in profits, for the profits still go to the citizens, but rather a partnership in planning and partnership to see that the plans are carried out.
Let me illustrate with an example. Take the cotton goods industry. It is probably true that ninety percent of the cotton manufacturers would agree to eliminate starvation wages, would agree to stop long hours of employment, would agree to stop child labor, would agree to prevent an overproduction that would result in unsalable surpluses. But, what good is such an agreement if the other ten percent of cotton manufacturers pay starvation wages, require long hours, employ children in their mills and turn out burdensome surpluses? The unfair ten percent could produce goods so cheaply that the fair ninety percent would be compelled to meet the unfair conditions. Here is where government comes in. Government ought to have the right and will have the right, after surveying and planning for an industry to prevent, with the assistance of the overwhelming majority of that industry, unfair practice and to enforce this agreement by the authority of government. The so- called anti-trust laws were intended to prevent the creation of monopolies. That purpose of the anti-trust laws must be continued, but these laws were never intended to encourage the kind of unfair competition that results in long hours, starvation wages and overproduction.
(from ,begin underline,The Fireside Chats of Franklin Delano Roosevelt,end underline, by Franklin Delano Roosevelt)
Question
Which statement ,begin emphasis,best,end emphasis, describes what Roosevelt means by "partnership" in this passage?
Answer options with 4 options
1.
government sharing of profits from farming, industry, and transportation to ensure citizens receive an equal portion
2.
government control of the cotton industry, to eliminate harmful labor standards and overproduction of unsalable surpluses
3.
government oversight to uphold agreements and prevent unfair practices in farming, industry, and the workers employed in these sectors
4.
government design and approval of increased lower cost goods to guarantee families can afford basic necessities such as food and transportation
The best statement that describes what Roosevelt means by "partnership" in this passage is:
3. government oversight to uphold agreements and prevent unfair practices in farming, industry, and the workers employed in these sectors.