Final answer:
Governments in Western Europe and North America responded to the Great Depression by implementing Keynesian economic policies, social welfare programs, and protectionist measures. These actions aimed to stabilize the economy, provide relief to those affected by the crisis, and protect domestic industries. While Keynesian policies and social welfare programs had positive impacts, protectionist measures hindered international trade and cooperation.
Step-by-step explanation:
In response to the Great Depression, governments in Western Europe and North America implemented various measures to address the economic crisis. One common action was the implementation of Keynesian economic policies, which involved increased government spending and fiscal stimulus. Governments also introduced social welfare programs to provide relief and support to those affected by unemployment and poverty.
Additionally, many countries implemented protectionist measures such as tariffs and trade restrictions to protect domestic industries from foreign competition. These actions aimed to stabilize the economy, stimulate demand, and provide social protection for citizens.
The influence of these actions on the economy varied. Keynesian policies helped to increase aggregate demand and stimulate economic growth, while social welfare programs provided vital support to individuals and families in need. However, protectionist measures also had negative consequences, as they reduced international trade and hindered global economic cooperation.
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