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Unemployment was so high and the basic economy unable to provide jobs, the government, through President Franklin D. Roosevelt, used the power of the federal government to create jobs. This was done by creation of several government agencies, like the Civilian Conservation Corps, which would perform work normally done by private business not governments. These agencies now had federal employees doing essentially privat sector work; but it enlarged the federal government greatly and extended its influence into areas government had never been before.
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During the Great Depression of the 1930s the national government?
During the Great Depression of the 1930s, the national government was in debt. They had to increase their spending for public services, such as food assistance because people were too poor.
What was the pump priming during Roosevelt?
Using government spending to increase purchasing power and stimulate the economy during the Great Depression.
Which term refers to the government spending more money then they took in during the great depression?
U.S Federal Deficit
Who originally proposed the use of government spending to stimulate the economy in the 1930's during the Great Depression?
John Maynard Keynes
What role did the governments monetary spending policy play in the great depression?
During the Great Depression, government monetary spending policies played a crucial role in exacerbating the economic downturn. Initially, tight monetary policies and a focus on balancing budgets led to reduced spending and investment, worsening deflation and unemployment. As the crisis deepened, the introduction of more expansive monetary policies, including increased government spending and the establishment of programs like the New Deal, aimed to stimulate the economy by creating jobs and boosting demand. These later efforts helped to gradually revive the economy, demonstrating the importance of active fiscal intervention in times of crisis.
An example of this policy happened during the Great Depression when government spending increased and thousands of job programs were created?
fiscal
An important difference between government spending during the Depression and during world war 2 was that?
A
The number of civilian employees in the federal government increased or decreased during the Great Depression?
The number of civilian employees in the Federal government increased greatly during the Great Depression. This helped to improve the population's access to government help.
During the Great Depression of the 1930s the national government?
During the Great Depression of the 1930s, the national government was in debt. They had to increase their spending for public services, such as food assistance because people were too poor.
What was the pump priming during Roosevelt?
Using government spending to increase purchasing power and stimulate the economy during the Great Depression.
Which term refers to the government spending more money then they took in during the great depression?
U.S Federal Deficit
Which person developed new economic ideas based on government's borrowing and spending more money during an economic crisis?
The person who developed new economic ideas based on government borrowing and increased spending during economic crises is John Maynard Keynes. His theories, known as Keynesian economics, advocate for active government intervention to manage economic fluctuations, particularly through fiscal policy. Keynes argued that during downturns, increased government spending can stimulate demand and pull the economy out of recession. This approach became particularly influential during the Great Depression and has shaped modern economic policy.
Who originally proposed the use of government spending to stimulate the economy in the 1930's during the Great Depression?
John Maynard Keynes
What did Ronald Reagan do to defense spending?
A couple of the large initiatives that he supported were the Strategic Defense Initiative and the Defense missile shield, which escalated government spending on defense.
During Reagan's presidency federal spending increased most for what?
Ronald Regan increased spending on the military
During reagans presidency federal spending increased most for?
Ronald Regan increased spending on the military
How did government spending Change from the 1930s to the 1940s?
Government spending significantly increased from the 1930s to the 1940s, primarily due to the economic demands of World War II. In the 1930s, during the Great Depression, government expenditures were focused on relief and recovery programs, such as the New Deal initiatives aimed at stimulating the economy. However, by the 1940s, military spending surged to support the war effort, leading to a dramatic rise in overall government spending as the U.S. ramped up production and mobilization. This transition marked a shift from domestic recovery efforts to large-scale military investment.
