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raleemthomas05

Answer:

The timing and severity of the Great Depression varied substantially across countries. The Depression was particularly long and severe in the United States and Europe; it was milder in Japan and much of Latin America. Perhaps not surprisingly, the worst depression ever experienced by the world economy stemmed from a multitude of causes. Declines in consumer demand, financial panics, and misguided government policies caused economic output to fall in the United States, while the gold standard, which linked nearly all the countries of the world in a network of fixed currency exchange rates, played a key role in transmitting the American downturn to other countries. The recovery from the Great Depression was spurred largely by the abandonment of the gold standard and the ensuing monetary expansion. The economic impact of the Great Depression was enormous, including both extreme human suffering and profound changes in economic policy.

Explanation:

Tundexi

The global economic downturn of the 1930s led to governments taking a more active role in directing and regulating their economies to stimulate growth.

The global economic meltdown happened in relation to the Great Depression of the 1930s.

Generally, the economic meltdown led to government implementing more economic policies to help revive the economy.

In conclusion, the global economic downturn of the 1930s led to governments taking a more active role in directing and regulating their economies to stimulate growth.

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