2.6.2 demand side policies during the great depression and the financial crisis

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6 Terms

1
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gold system

where you swap money for gold

2
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herbert hoover’s responses to the great deprression

restrictive trade policy

contractionary fiscal policy

increase IR

3
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FDR’s policies to fix great depression

expansionary monetary

trade liberalisation

expansionary fiscal

4
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UK response to GD ramsay macdonald

contractionary fiscal

leave gold standard

5
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UK responses to 2008

IR 5.75 to 0.5

QE

decrease VAT

increase G 2%

6
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US responses to 2008

IR 5.25 to 0

more QE

decrease VAT

increase G 6.6%