What economic policies solved the Great Depression

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OkThanksBye
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I've looked online but the stuff is way to complicated compared to what I want to know
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Ostne
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-Not raising tariffs.
-Government borrowing
-Investment in infrastructure.
World war 2 basically took the world economy out of recession.
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OkThanksBye
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So fiscal policy? and government spending from where? Also would that be different to modern policies?
(Original post by Ostne)
-Not raising tariffs.
-Government borrowing
-Investment in infrastructure.
World war 2 basically took the world economy out of recession.
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Toastiekid
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lots of government spending and some protectionist policies (smoot-hawley tariff i believe if you're talking about the us)
also think it can be argued that going to war did a lot for the us economy
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Ostne
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(Original post by OkThanksBye)
So fiscal policy? and government spending from where? Also would that be different to modern policies?
Yes fiscal policy, the difference being they introduced welfare when they didn't have any I believe or very little.
These days it just depends upon whose in government really, I mean after the oil shock in the 70's ramping up government spending didn't work so well (in the uk) so they don't tend to do it so much now, moreover these days its more ideological I mean look at what the tories did entering power or what they do all over the Eurozone, it's deflationary and why a double dip recession happened in the UK and why one reason why there's weak growth in the Eurozone.
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