I need a few plans for economic recovery during the Great Depression (ex: "I would end the Smoot-Hawley Tariff, which backfired and ruined the U. S economy even more, and I would encourage international trade and stray away from protectionism")

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Chase Berg

History

24 November, 21:10

I need a few plans for economic recovery during the Great Depression (ex: "I would end the Smoot-Hawley Tariff, which backfired and ruined the U. S economy even more, and I would encourage international trade and stray away from protectionism")

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Josue · Answer 1

Increase in the monetary expansion, the formation of the new deal to make reforms for recovery, increase in trade and production.

Explanation:

The Great Depression was a severe worldwide economic depression that took place mostly during the 1930s, beginning in the United States. The timing of the Great Depression varied across nations; in most countries, it started in 1929 and lasted until the late 1930s.

Certain policies and reforms were made to recover from the great depression. Some of the reforms and the policies were increase in monetary expansion which gave money in the hands of the people so that they could demand more leading to more production and employment opportunities. Trade was encouraged so that development could be increased.