The Great Depression Assignment Example | Topics and Well Written Essays - 500 words

The swell effect - Assignment ExampleThis take to an increase in inventories while agricultural income remained relatively low.Federal regulations on the US businesses contributed to the Great drop-off. This is especially because taxes laws were made favorable to large corporations. Macroeconomic policies never existed, and there was the absence seizure of fiscal and monetary policies. Laissez-faire and hands off government were the watchwords used by the leaders.The Great Depression ended when the Federal Government of the United States imposed rationing, recruited around 6 one million million defense workers who include African Americans and women, ran massive deficits in order to fight World War II and drafted 6 million soldiers. Deficit spending, inflating the supply of money and the new deal of the federal government also cured the Great Depression. World War II also cured the Great Depression. The Great Depression ended in December 1941 at the same prison term when the Wo rld War II began. The sparing hadbeen expanding since 1938, just slight than three years before the countrys entry into the Second World War and the economy stopped expanding in 1945 before the war ended. During the war, the economy of US was a huge arsenal which led to the deterioration of the consumers well being. However, after the war, a genuine prosperity returned in the economy for the first time since 1929 making the war a cure of the Great Depression.Hebert Hoover was blamed for the Great Depression as he was non involved in the stock market issue. The depression affected him so untold that he had to give much that he had to pull out his money from the stock market. He did not give government aids to the people for fear of inflating the budget of the Federal government and was forced to ruin off from the laissez-faire policy which was used to deal with depressions and recessions in the country. He was forced to spend much of the countrys income to help in economy rebou nd like the construction of the