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Nothing could have gotten the US out of what was really a worldwide depression triggered by the disintegration of the German economy as they attempted to pay the enormous war reparations demanded by the Treaty of Versaille, except to wait it out. The US could not change what was happening.

The most important thing that FDR did was to try to control panic (which made things worse) allowing people to wait it out. The Great (worldwide) Depression did begin lifting on its own slowly about 1937 and World War 2 ended it completely as the worldwide economy was forced to ramp up suddenly for war production to meet military demand.

Some of FDR actions to control panic were:

  • bank holidays - to prevent rushes on banks and bank collapses
  • FDIC deposit insurance - to prevent bank collapses
  • CCC and WPA - to provide "makework" (but useful) jobs, limiting unemployment
  • SSA - to provide basic "retirement" payments, removing older people from competing for jobs with younger people
  • etc.
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Q: What policies would you enact in order to get US out of The Great Depression?
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