2. The best solution for trying to end the Great Depression involved deficit financing to rebuild mass purchasing power. True or False?

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History

Solomon Wolfe

13 September, 11:04

2. The best solution for trying to end the Great Depression involved deficit financing to rebuild mass purchasing power. True or False?

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Kayley · Answer 1

Answer: The correct answer is true. Prior to Herbert Hoover the federal budget was always balanced. However, due to the Great Depression, deficit financing became the norm so more people could spend more money.