is it safe to say that the USA is the only country that pulled themselves out of the Great Depression with....

Question

is it safe to say that the USA is the only country that pulled themselves out of the Great Depression with a system like the New Deal? or did other countries have some too?

what does t mean.... true???

thanks a lot to all of you, these really made me understand what was going out. all of the other sources i used were useless

Answer 1

Hope this helps! My conclusion is that the United States' New Deal policies were rather unique, although German government policies under the Nazis was probably the most similar as far as direct government involvement to reverse the economic collapse.

Let me summarize how the countries other than the United States that were badly hit by economic collapse during the Great Depression recovered from their economic malayse.

Australia-Very hard it due to reliance on agrarian products. Began recovery when wool and meat began to rise in value.

Great Britain-Economy devastated by reliance on the International Gold Standard. Recovery started when country was removed from Gold Standard, stabalizing interest rates. Starting in 1936, Great Britain began a mass rearmament to counter the impending threat of Nazi Germany. This policy eventually ended unemployment.

Canada-Although hit with depression, their banks never collapsed. While the Canadian economy had slowly been recovering after 1933, it took the outbreak of World War II to pull Canada out of the depression. From 1939, an increased demand in Europe for materials, and increased spending by the Canadian government created a strong boost for the economy. Unemployed men enlisted in the military. By 1939, Canada was in the first prosperity period in the business cycle in a decade.

This coincided with the full recovery in the American economy, which created a better market for exports and a new inflow of much needed capital.

Germany-Hard hit by depression as a result of heavy war debts from World War I, Germany began economic recovery initially in 1923 with the introduction of a new currency and decreased government spending. The international stock market collapse in 1929 reversed this recovery and Germany was eventually led out of economic collapse by the new Nazi regime, which focused heavily on social spending and improvements. Probably the closest plan to the New Deal.

Answer 2

Actually, the New Deal didn't really pull the USA out of the Great Depression. It was really World War Two that pulled the U.S. and the rest of the world out of the Great Depression.

The New Deal just provided relief to those affected by the Great Depression. But, it was done through deficit spending.

Other countries tried various methods of coping with the Great Depression including "New Deal" like policies, some of which led to the rise of fascism and World War Two.

Answer 3

Use caution here. The New Deal was not the key to ending the Great Depression. By the time WWII started, the world's economy was still flagging, even in the United States. Unemployment was still high and inflation was still a nagging problem. The US entry into WWII was the key to kickstarting the US economy and pushing production into overdrive. Approach the sheen of the New Deal with some caution.

Answer 4

Overall the New Deal failed in its attempt to bring an end to the Great Depression. The programs of the New Deal greatly increased the federal debt, established a welfare mentality that is still alive today, and only provided temporary relief from the economic downturn that America was experiencing. The New Deal could be compared to cold medication. When one has a cold, NOTHING cures the common cold, all the medication does is relieve the symptoms that make life miserable while you are sick. If you catch a cold and you don't take any medication you will get over the cold in about five days. If you catch a cold and you DO take medications you will get over it in about five days.

The same can be said of the New Deal. It simply masked the symptoms of the Great Depression (unemployment, poverty, hunger, homelessness) but it didn't SOLVE these ailments.

It was not until WW II started that American industry began to take off and jobs were again in need of workers to fill them.

And there you have it.

Answer 5

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Answer 6

The "New Deal" was not responsible for the end of the Great Depression. WWII was.