Role of government during the great deppression?
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During the Great Depression, the role of the federal government changed tremendously. Before the Depression hit, the federal government did little or nothing to help people financially. President Roosevelt's New Deal made government responsible for helping people in many ways.
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By the end of 1933, the government owed $100 million – mostly to the United Kingdom and the United States. Interest payments alone accounted for 63.2 per cent of the country's shrinking income. The government responded to the crisis by borrowing more money from abroad.
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