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What was the single greatest effect of the great depression on the US?
The single greatest effect of the Great Depression on the U.S. was the widespread economic hardship it caused, leading to unprecedented levels of unemployment and poverty. By the peak of the depression in 1933, approximately 25% of the workforce was unemployed, crippling families and communities. This economic crisis resulted in significant changes in government policy, including the implementation of the New Deal programs aimed at recovery and reform, which reshaped the role of the federal government in the economy. The societal impacts included a loss of faith in capitalism, leading to greater demand for social safety nets and economic intervention.
Did government intervention increase after the Great Depression in the 1930s?
The major effect of the Great Depression and the New Deal on America was expanded government intervention into new areas of social and economic affairs and the creation of more social assistance agencies at the national level. The relationship between the national government and the people changed drastically. The government took on a greater role in the everyday social and economic lives of the people. The New Deal programs of FDR also created a liberal political alliance made up of labor unions, blacks and other ethnic and religious minorities, intellectuals, the poor, and some farmers. These groups became the backbone of the Democratic Party for decades following the Depression. As the federal government grew with new agencies and reform attempts, the cost of government increased. The growth of the government continued following the New Deal.
What 20th century has shown a trend toward greater what?
Government spending
What event was a greater impact the great depression or the great recession?
The Great Depression had a more profound and lasting impact than the Great Recession. It resulted in widespread unemployment, significant economic contraction, and transformative changes in government policy and regulation, shaping the global economy for decades. While the Great Recession also caused severe economic distress and led to important reforms, its effects were less severe and shorter-lived compared to the Great Depression. Ultimately, the Great Depression reshaped societal structures and economic systems in a way that the Great Recession did not.
Disadvantages of two child policy in china?
The diadvantages are - Population control - An increase in the involvement of women in careers (Less time taking care of kids) -Less people, less population - parents can support their children well - Therefore, illiterate generation and productive people - less jobless people - economy will rise hope it is beneficial
What led to widespread calls for greater government involvement in the economy?
The Great Depression
Opportunity costs of a greater government role in the economy?
no control for the businesses so they have to pay for higher expectations and limitations.
What are some opportunity costs of a greater government role in the economy?
greater role were costly to implement, cutting into profits, slowing growth, and force businesses to charge unnecessary high price
What are some opportunity costs of greater government role in the economy?
greater role were costly to implement, cutting into profits, slowing growth, and force businesses to charge unnecessary high price
A form of government in which the people vote firsthand?
A form of government in which the people vote firsthand is known as direct democracy. In this system, citizens participate directly in decision-making processes, rather than electing representatives to make decisions on their behalf. This allows for greater public involvement and can lead to more immediate reflection of the people's will in governance. However, it can be challenging to implement in larger societies due to practical difficulties in facilitating widespread participation.
Assume that a change in government policy results in greater production of both consumer goods and investment goods?
this economy's ppc is convex to the origin
Which generally occurs as a nation moves from an agricultural economy to an industrial economy?
There is a greater need for education and training
What is meant by the mixed economy of welfare?
A Mixed economy is an economy where the participants pay tax and other fees to support a government whose job it is to look after the defence of the country, the law and enforcement of law and infrastructure, which includes the welfare to a greater or lesser degree of its citizens. The countries that have this sort of economy are the best and most secure places to live. Tax charges go up as income does.
Why was the period that proceeded World war 1 called the progressive era?
The period preceding World War I, known as the Progressive Era, was characterized by widespread social, political, and economic reforms aimed at addressing the challenges posed by industrialization, urbanization, and corruption. Reformers sought to improve working conditions, expand suffrage, regulate monopolies, and promote social justice through various movements, including labor rights and women's suffrage. This era represented a shift towards greater government intervention in the economy and society, as reformers believed that active government involvement was essential to achieving progress and equality. The Progressive Era laid the groundwork for significant changes in American society and governance, influencing policies and attitudes well into the 20th century.
When was Royal Commission on Local Government in Greater London created?
Royal Commission on Local Government in Greater London was created in 1957.
What factors do you think allows some time periods to have greater political corruption than other time periods?
Economy, type of government, and the type of person that is being corrupted. Feel free to add to this if you like.
How did the Great Depression create a dramatic change in the political and economic systems?
The Federal government became directly involved with the economy through employment and public-works programs, as well as greater oversight of the financial and banking systems.
