What was the political impact of the Great Depression?
The Depression affected politics by shaking confidence in unfettered capitalism. That type of laissez-faire economics is what President Herbert Hoover advocated, and it had failed. As a result, people voted for Franklin Roosevelt. His Keynesian economics promised that government spending would end the Depression.Click to see full answer. In this regard, what were the political…
The Depression affected politics by shaking confidence in unfettered capitalism. That type of laissez-faire economics is what President Herbert Hoover advocated, and it had failed. As a result, people voted for Franklin Roosevelt. His Keynesian economics promised that government spending would end the Depression.Click to see full answer. In this regard, what were the political impacts of the Great Depression?The Great Depression was a global economic crisis that may have been triggered by political decisions including war reparations post-World War I, protectionism such as the imposition of congressional tariffs on European goods or by speculation that caused the Stock Market Collapse of 1929.Secondly, what was the relationship between the Great Depression and political instability? The depression weakened Europe and the USA, which made the people angry and question their governments. In Germany, it was another cause for Hitler’s rise to power. Define “totalitarianism”. Herein, what were the political effects of Great Depression on Germany? The impact of the Great Depression was particularly severe in Germany, which had enjoyed five years of artificial prosperity, propped up by American loans and goodwill. Unemployment hit millions of Germans, as companies shut down or downsized. Others lost their savings as banks folded.How did the Great Depression affect Europe politically? The Great Depression severely affected Central Europe. Under the Dawes Plan, the German economy boomed in the 1920s, paying reparations and increasing domestic production. Repayment of the war reparations due by Germany were suspended in 1932 following the Lausanne Conference of 1932.
