Asked by
Daisy Moreno
on Nov 04, 2024Verified
What did the economic strategies of the United States, Japan, and Germany have in common during the 1930s?
A) They reduced tariffs.
B) They stuck to the gold standard.
C) They balance their budgets.
D) They relied on countercyclical deficit spending.
Economic Strategies
Plans or policies implemented by governments or businesses to influence and guide the economy towards desired goals such as growth, stability, or equity.
Tariffs
Taxes imposed on imported or, less commonly, exported goods to regulate trade and revenue.
Gold Standard
A monetary system where a country's currency or paper money has a value directly linked to gold, used historically to provide stability in currency value.
- Examine the lasting socio-economic consequences of the New Deal policies.
Verified Answer
KM
Learning Objectives
- Examine the lasting socio-economic consequences of the New Deal policies.