The policies passed in response to the great depression contributed to a change in earlier popular beliefs?

The Great Depression was a result of the nonintervention of the government in the economic treats. More than that, the 1920s made everyone understand that overproduction is not the answer and that the government has the duty to inspect what is happening in economics. To care about the production of goods and to maintain the health of economics.

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chilljain33 chilljain33 · Answer 2 · 2022-01-31T06:49:07+01:00

The correct statement is that most of the popular beliefs related to the economics and finances changed after the policies passed in the view of The Great Depression.

The Great Depression was an important stage in the history of the United States of America, as it bought the nation to its lowest economic conditions in the long time.

The Great Depression

The period of Great Depression led to an undisputed downfall in the economy of the United States of America, which also had shown that the strongest nation too can fall to its lowest.

The Great Depression started in the US after there was a crash in the stock market in the month of October in the year 1929 which meant that the economy was worsening.

To overcome the downfall, certain policies were passed in this view, which led to a change in the popular beliefs regarding the financial conditions of the nation.

Hence, the correct statement is that the popular beliefs related to the economics and finances changed after the policies passed in the view of the Great Depression.

To know more about the Great Depression, click the link below.

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