The first actions taken by national governments to the threat posed by the Great Depression dealt with:
A) foreign policy.
B) social policy.
C) military policy.
D) industrial policy.
E) monetary policy.

Question

Quizplus · Accepted Answer

The first actions taken by national governments to the threat posed by the Great Depression dealt with monetary policy. Governments sought to stabilize their currencies and prevent further deflation by implementing measures such as devaluing their currencies and raising interest rates. This was seen as essential to encouraging investment and stimulating economic growth.

The First Actions Taken by National Governments to the Threat