Answer to Question #243953 in History for hope

Question

Discuss the causes of the worldwide Great Depression in the 1930s and the reasons for the eventual economic recovery

Answer 1

The causes included:

• Overproduction
• Executive inaction
• Ill-timed tariffs
• Inadequate experience on Federal Reserve

On the same note, the reason that pushed for economic recovery after this period was increase in investment, heightening of government purchases and overall increase of net exports. These aspect led to GDP increment that translated to full resource utilization and full employment