Question

In this assignment, you will complete the following steps:

1. Research: Using reliable sources, research key actions taken by the German, Japanese, and
U.S. governments to address the Great Depression.
2. Analyze: Answer questions that compare and contrast each government's response to the
financial crisis.

Answer 1

This detailed answer discusses the key actions taken by the German, Japanese, and U.S. governments to address the Great Depression and compares and contrasts their responses to the financial crisis.

Step-by-step explanation:

Key Actions Taken by Governments to Address the Great Depression

1. German government:
2. The German government implemented a number of measures to address the Great Depression, including the establishment of public works programs, expansion of welfare benefits, and the introduction of economic controls to stabilize prices and wages.
3. Japanese government:
4. The Japanese government pursued a policy of import substitution and increased public spending to stimulate the economy during the Great Depression. They also implemented agricultural reforms and sought to promote industrialization.
5. U.S. government:
6. The U.S. government responded to the Great Depression with a series of measures, collectively known as the New Deal. These included the creation of employment programs, financial reforms, regulation of the stock market, and infrastructure projects.

Comparing and Contrasting Government Responses

• German and U.S. governments:
• Both governments implemented public works programs, but the U.S. government's New Deal was more extensive and had a greater impact on the economy. While Germany focused on stabilizing prices and wages, the U.S. implemented financial reforms and regulated the stock market.
• Japanese and German governments:
• Both governments pursued measures to stimulate their economies, but the Japanese government focused more on import substitution and industrialization, while Germany emphasized welfare benefits and economic controls.
• U.S. and Japanese governments:
• The U.S. government's response to the Great Depression was more comprehensive and involved a wider range of measures compared to Japan. The U.S. implemented financial reforms, employment programs, and infrastructure projects, while Japan focused more on public spending and agricultural reforms.

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