Generally speaking, this recession was far more devastating than other relatively recent economic downturns in that it lasted longer than expected and many more homes and jobs were lost than expected. Thus the term "Great Recession".
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prudence indeed will dictate that governments long established should not be changed for light and transient causes; and accordingly all experience hath shewn that mankind are more disposed to suffer while evils are sufferable, than to right themselves by abolishing the forms to which they are accustomed.
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Congress is charged by the Constitution with providing for the general welfare of the country's citizens. Historically, this has meant improving transportation, promoting agriculture and industry, protecting health and the environment, and seeking ways to solve social and economic problems.
The effect of US government policies during the 1920s is that US national debt declined.
