Did the dollar depreciate during the Great Depression?

1. During the Great Depression, the dollar depreciated. 1934 65438+1October 10, announcing the issuance of US$ 3 billion banknotes guaranteed by state securities, with the US dollar depreciating by 40.94%. Through the depreciation of the dollar, the competitiveness of American goods abroad has been strengthened.

Secondly, the universal influence of the Great Depression led to:

1, which improves the government's policy participation in the economy, that is, Keynesianism;

2. Strengthen economic nationalism in the form of tariffs;

3. Aroused a romantic-totalitarian political movement as a substitute for capitalism (such as Nazi Germany). Compared with other single reasons, the Great Depression can best explain why politics in continental Europe and Latin America gradually turned right between 1932 and 1938.

4. The rise of dictators such as Adolf Hitler and benito mussolini indirectly led to the outbreak of World War II.