Question

Why didn’t the united states respond to the depression like argentina, with a military dictatorship, or like germany, italy, and japan, with fascism and militarism, or like russia, by embracing a government-run planned economy, even though the economy fell steeper and the depression lasted longer in the united states?.

Answer 1

In response to the splendid melancholy, Congress permitted President Franklin Roosevelt's New Deal, which furnished $41.7 billion in funding for home applications like work relief for unemployed workers.

Mobilizing the economy for international warfare sooner or later cured the melancholy. Tens of millions of women and men joined the military, and even larger numbers went to work in properly-paying protection jobs.

Having created an administrative-command system designed to insulate the home economy from demand and external shocks and independent of worldwide capital flows, the Russia economy experienced a rapid monetary boom and industrial transformation for the duration of the very duration when other economies had been stagnating.

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