Solutions To The Great Depression Essay
It raised import duties to protect American manufactures from foreign competitors. The 40 percent tariffs only worked out to tax 2.4 percent of citizens. American businesses were no longer investing in Europe and the tariff hasn’t made a huge problem in the United States but was a big threat to Europe. It also resulted in a general globe trade war and a rapid decline in international trade. He had given loans to farmers with the Agricultural Marketing Act to help stop them from going bankrupt, but they had to pay back the loans.
Then comes the Dust Bowl, as known as the Dirty Thirties, which made a huge impact to the Great Depression. It was a severe dust storm that caused a lot of damage to the prairies of the U.S. Millions of acres were affected by the dust bowl and farmers had lost their properties. Because of the continuous dust storms, about 100 million acres of farmland didn’t have enough topsoil to grow crops. Poor practice farming like over planting crops and overgrazing, massive plowing under natural grasses, contributed to the Dust Bowl of the Great