Question
which contributed to the struggles of the US economy in its recovery from the Great Depression.
the united states was still in debt due to cost of world waar 1
us consumers preferred european goods to those made domestically
government leaders prioritized foregion policy over domestic issues
business leaders resisted government intervention in economy
the united states was still in debt due to cost of world waar 1
us consumers preferred european goods to those made domestically
government leaders prioritized foregion policy over domestic issues
business leaders resisted government intervention in economy
Answers
GPT 3.5
All of the options listed above contributed to the struggles of the US economy in its recovery from the Great Depression.
1. The United States was still in debt due to the cost of World War I: This made it challenging for the government to stimulate the economy and provide financial assistance to struggling businesses and individuals. The debt burden limited their ability to effectively respond to the economic crisis.
2. US consumers preferred European goods to those made domestically: This preference for imported goods weakened domestic industries and hindered their recovery, as it reduced demand for American-made products, leading to unemployment and decreased production.
3. Government leaders prioritized foreign policy over domestic issues: The government's focus on international concerns and conflicts diverted attention and resources away from addressing and resolving the economic crisis at home. This lack of focus on domestic issues delayed economic recovery efforts.
4. Business leaders resisted government intervention in the economy: Many business leaders were distrustful of government intervention in the economy and opposed policies that increased regulation or involved the government in their affairs. This resistance hampered the implementation of programs and initiatives aimed at supporting economic recovery.
1. The United States was still in debt due to the cost of World War I: This made it challenging for the government to stimulate the economy and provide financial assistance to struggling businesses and individuals. The debt burden limited their ability to effectively respond to the economic crisis.
2. US consumers preferred European goods to those made domestically: This preference for imported goods weakened domestic industries and hindered their recovery, as it reduced demand for American-made products, leading to unemployment and decreased production.
3. Government leaders prioritized foreign policy over domestic issues: The government's focus on international concerns and conflicts diverted attention and resources away from addressing and resolving the economic crisis at home. This lack of focus on domestic issues delayed economic recovery efforts.
4. Business leaders resisted government intervention in the economy: Many business leaders were distrustful of government intervention in the economy and opposed policies that increased regulation or involved the government in their affairs. This resistance hampered the implementation of programs and initiatives aimed at supporting economic recovery.