Question

Mention the effect of the gret econimic depression

Answer 1

The Depression affected politics by badly shaking confidence in unfettered capitalism. That type of laissez-faire economics is what 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.

Answer 2

Great Depression, worldwide economic downturn that began in 1929 and lasted until about 1939.Its social and cultural effects were no less staggering, especially in the United States, where the Great Depression represented the harshest adversity faced by Americans since the Civil War, and it has long term impact during the great economic boom people relied on themselves and each other to pull through that is what humans do actually