Unlike early federal-government responses to the Great Depression, The correct answer is D; Created high tariffs to encourage domestic spending.
Because of the 1929 crisis faced by the United States of America, the New Deal was created, with the intention of the state intervening in the economy.
The North Americans lived the so-called economic liberalism where the state does not intervene in economic activities.
This was the biggest factor at the end of liberal capitalism.
The “new deal” was a set of measures created under Franklin Delano Roosevelt's government (1933-1945), which was inspired by the ideas of economist John Keynes.
It aimed to take economic measures that would guarantee the full employment of workers.
Unlike early federal-government responses to the Great Depression, The correct answer is D; Created high tariffs to encourage domestic spending.
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