Jan 03, 2018 · The Great Depression was caused by a massive government failure led by the Federal Reserve’s rapid 25 percent contraction of the money supply. The next government failure was the Smoot-Hawley...
Name: 10) What topic does this site cover? 11) Describe the types of art produced by the government sponsored artists. 12) How did employing artists help America during the Great Depression?
World War I (1914-1918) to the Great Depression (1929-1941) The U.S. Government needed to raise money in preparation for their participation in World War I - the first major war between the countries of Europe in modern times. To do that, the Government raised taxes.
Purchases of U.S. cotton for domestic mills and export reached good volume and the textile industry - especially after the partial recovery of silver prices in 1931 - remained fairly active during the remaining downward cycle of the Great Depression, except for a temporary reduction in the spring of 1932.