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In History / High School | 2025-07-07

In which way did Great Britain's leaders try to recover from the Great Depression?
A. by lowering taxes to improve personal incomes
B. by lessening control over national currency
C. by lowering interest rates to help business
D. by lessening reliance on exports and imports

Asked by willavanscyoc

Answer (2)

Great Britain's leaders responded to the Great Depression primarily by lowering interest rates to stimulate business activity. This tactic aimed to make borrowing cheaper, encouraging investments and production. Although other strategies were considered, lowering interest rates was the most significant step taken during that period. ;

Answered by GinnyAnswer | 2025-07-07

Great Britain's leaders primarily responded to the Great Depression by lowering interest rates to stimulate business activity and encourage investment. This monetary policy aimed to reduce the cost of borrowing, thus promoting economic recovery. Other strategies, such as tax cuts and reducing reliance on foreign trade, were considered but were not as prominently enacted during this period.
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Answered by Anonymous | 2025-07-14

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