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Were they successful in pulling the US out of economic downturn during the great depression?
Wiki User
∙ 11y ago
The relief programs undoubtedly gave people temporary economic help. Reforms in banking and controls on the stock markets helped prevent future depressions.
However, the depression did not really end until the War effort began.
Wiki User
∙ 11y ago
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Why cant we not fall into a another Great Depression?
Ummmm.... not wishing to be a prophet of doom, but,..... I have seen rosier economic outlooks in my time that what we currently have. And from what I can see it does appear to be affecting the US & Europe as much as anywhere. Don't gret me wrong, the shops are full & people generally have jobs & there is affluence & stability: but you don't need to be a genius to understand that living on credit, borrowing money to be repaid later, does mean that the need is for people to repay their debts. If for whatever reasons those debts are not repayable then the banks lose money, be it, as it is, their own fault, they will still recoup those losses by penalising all of their customers in one way or another. 'Buddy, can you spare a dime' it is not. But the loss of confidence is palpable at the moment in economic headlines, just dont tell the Chinese.......
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How was the economy during?
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