Free market economic theory was responsible for the recovery from the Great Depression in 1930.

Question

Quizplus · Accepted Answer

This statement is false. The widespread belief that free market economic theory could solve the problems of the Great Depression was challenged by the economic policies of the New Deal, which involved government intervention in the economy through public works programs, price controls, and banking regulations. These policies are widely credited with helping to stimulate economic recovery.

Free Market Economic Theory Was Responsible for the Recovery from the Great