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Who did the people of the US turn to in order to solve fifficult economic problems?
Wiki User
∙ 14y ago
Up until the past 50 years, the United States was almost purely capitalist. Where there may be highs and lows, but it would even out over time. However, with Franklin Roosevelt, the United States Federal Government found that its duty was to also ensure economic prosperity. In more recent times, the Federal Government has turned to China to borrow massive amounts of money (along with other countries) - which it then passes on to the people as government spending, hopefully stimulating the economy.
Wiki User
∙ 14y ago
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