Totalitarian Regimes: Fascism, Nazism, and the Great Depression
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Solutions to the Great Depression
Maynard Keynes, an economist, proposed state intervention in the economy to stimulate investment, employment, and consumption.
Franklin D. Roosevelt proposed an economic program called the New Deal:
- Banks were forced to offer low-interest rates.
- Subsidies for agriculture were implemented to reduce production and eliminate surpluses.
- Working hours were reduced.
- Minimum wage and unemployment benefits were created.
- Public investment in infrastructure was increased to reduce unemployment.
Other countries adopted similar policies, and the economy began to recover.
Totalitarian Regimes: Fascism and Nazism
Characteristics of Totalitarianism
- Authoritarian System:
- Controlled by a charismatic leader.
- No freedom; only one political