Generally speaking, all of the following are benefits of trade except "<span>lower taxes," since taxes are set by domestic governments, and are not taken into consideration during trade unless they are in the form of a tariff. </span>
The problem with the Great Depression of 1929 and the subsequent years
was that actually government did nothing to intervene. President Herbert
Hoover believed that government should interfere and that the market
will balance itself out. That is one of the reasons that President
Roosevelt won with a landslide with his promise of the New Deal.
In
2008 the government took a much active role in combating the Great
Recession. For example, the government even bailed out some banks that
were in trouble as well as provided emergency help. They also proposed
and passed many laws that would help prevent this kind of situation in
the future.
I will said a,b & c but if I'm wrong sorry
