In this context, effects refer to the consequences or outcomes resulting from The Great Depression on governmental economic policies. These effects can include changes in policy approaches, new regulations, and shifts in public opinion.
Related terms
Social Safety Nets: Measures put in place by governments to provide assistance and support to individuals affected by economic hardships such as unemployment benefits or welfare programs.
Banking Reforms: Changes made to banking regulations and practices aimed at preventing future financial crises similar to the one caused by the Great Depression.
Public Works Projects: Government-funded projects aimed at creating jobs and stimulating the economy during times of economic downturns. Examples include infrastructure development or building construction.