Why did society recover from the Great Depression?
The Great Depression was a result of technology’s impact on a largely unregulated market. The government and business had to do something to survive, and since the establishment of a Technate would have put these people out of power, it was not considered an option. Instead, any methods by which the Price System could be saved needed to be implemented. Again, things were looked at in Price system terms, that of price, supply, and demand. Given that supplies were high, and demand was low, these needed to be altered artificially in order to restore the health to the economy. What resulted was what can be best described as “curing the symptoms” rather than dealing with the disease itself. In order to decrease supplies, food was bought by the government and either locked away or destroyed. Government subsidies were given to farmers in exchange for lower production, in order to compensate for profit loss. Unfortunately, this tactic wouldn’t work with other industries. In order to deal with
