2. The best solution for trying to end the Great Depression involved deficit financing to rebuild mass purchasing power. True or False?

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16-04-2020
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2. The best solution for trying to end the Great Depression involved deficit financing to rebuild mass purchasing power. True or False?

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ktrempe1 ktrempe1 · Answer 1 · 2020-04-16T00:17:49+02:00

ktrempe1 ktrempe1

16-04-2020

Answer: The correct answer is true. Prior to Herbert Hoover the federal budget was always balanced. However, due to the Great Depression, deficit financing became the norm so more people could spend more money.

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