Question

Should the U.S. government have gotten involved during the Great Depression or should the government have allowed the

problems to work themselves out on their own? Why? Were the actions taken by the government enough? Too much? Why?

Answer 1

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.