Question

How did the government of the United States react to the Great Depression?

It immediately provided major assistance to the needy and strictly regulated the stock market.

It eventually raised interest rates azer many banks and businesses had already closed.

It immediately took control of the stock market and later raised interest rates.

It provided minimal assistance initially but eventually increased assistance and market regulation

Answer 1

it provided the minimal assistance initially but eventually increased assistance and market regulation because they wanted to show minimum capability to what they were doing and how they were doing it.

Answer 2

It provided minimal assistance initially but eventually increased assistance and market regulation

Step-by-step explanation:

The Great Depression of the 1930s was the largest recession in history and its causes were overproduction of goods and the expansion of unbridled credit by banks.

Initially President Herbert Hoover chose not to intervene. Meanwhile, with the escalating damage from the crisis, the president has taken some punctual measures to combat the Great Depression, such as providing minimal social assistance and regulating the market. However, Hoover also took measures that worsened the Great Depression, such as raising taxes and increasing tariffs. As a consequence, other nations also impacted by the crisis have adopted measures of protectionism, worsening the situation of international trade and the economy as a whole.

The Great Depression was overcome with the plan of succeeding president Hoover, Franklin Roosevelt. This plan was called the New Deal, and consisted of expanding government spending on social protection, job creation, and reforming the American economic and governmental system.