HISTORY
WORLD WAR II
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Communist response to the Great Depression
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Capitalist response to the Great Depression
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Fascist response to the Great Depression
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middle path between capitalist and communistresponses
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Detailed explanation-1: -The collapse of the stock market and the closing of more than 5, 000 banks mostly affected the middle class. The professional men that worked at these jobs now had to deal with a loss of income and unemployment. They now found themselves having a hard time supporting their families.
Detailed explanation-2: -The Great Depression was not a failure of capitalism or of markets, but rather a result of misguided government policies-specifically, the Federal Reserve allowing the money stock to collapse as panics engulfed the banking system.
Detailed explanation-3: -In addition, cost efficient production gave competitive advantage to Nordic companies. Thus, exports increased and import substitution took place.” So, whilst the US was busy dealing with the Great Depression through a massive expansion of the state, Nordic nations were experiencing a free-market recovery.