Which of the following was one of the ways in which the government attempted to relieve post-war economic hardship? They reduced most taxes. They printed money. They freely lent money. They sold off government-owned property.
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The Deep Dive
After the war, many governments faced the daunting task of rebuilding their economies, and one of the strategies employed was the reduction of taxes to boost consumer spending and investment. By easing the tax burden, they aimed to put more money in the hands of citizens, enabling them to contribute to economic recovery. Another common approach in the post-war period involved government initiatives to sell off state-owned properties. This not only helped reduce national debt but also incentivized private sector growth, encouraging individuals and businesses to invest and foster a more vigorous economic environment.