Question

impact of great depression

5 marks ​

Answer 1

The Depression affected politics by badly shaking confidence in unfettered capitalism. That type of laissez-faire economics is what President Herbert Hoover advocated, and it failed badly.

As a result, people voted for Franklin Roosevelt. His Keynesian economics promised that government spending would end the Depression. The New Deal worked. In 1934, the economy grew 10.8 percent in 1934 and unemployment declined...!

Answer 2

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