What were some of the issues businesses and consumers faced during the great depression

Social Studies

1 answer:

Nikitich [7]3 years ago

6 0

Answer:

Consumer spending plummeted, factories slowed down production, and companies fired workers. The wages of those still employed were cut, making it hard for people to support their families since all the money was gone. American consumers lost their homes to foreclosure and lost (or sold) many of their possessions.

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fomenos

Answer:

The new deal were a number of different reforms that were conducted under President Roosevelt between 1933-1939. The programs just ended before World War II began and were designed to help recover from the great Depression of the late 1920s.

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Explanation:

Argument 1 in favour: The Great Depression had the greatest impact on the working class and the poor. Radical programs were needed to ensure the economy can grow, more jobs can be created and basic social needs met.

Argument 2 in favour: It is the responsibility of the government to ensure the poorest in the society do not suffer. Thanks to the reforms, the American economy rebounded and when the second war started,America was probably the most industrialised country in the world.

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Argument 2 against: We cannot trust the government to make rational decisions. Such reforms are similar to the ones seen in Soviet Union and can lead to mismanagement of epic proportions.

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I think a governments role in promoting social standard are fun

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