Why Did the Fed Do Little to Help the U

question 13

Short Answer

Why did the Fed do little to help the U.S.economy recover from its depression during the early thirties?

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Definitions:

Abolition

The action of abolishing a system, practice, or institution, such as slavery or capital punishment.

Private Property

Ownership of assets (land, buildings, goods) by individuals or corporations, legally protected by the government.

Karl Marx

A 19th-century philosopher, economist, and social scientist best known for his theories about capitalism and communism.

Capitalist

An economic system in which private individuals rather than the state own and control property and businesses, operating for a profit.