Recovery efforts were slow from "summary" of The Great Crash 1929 by John Kenneth Galbraith
The efforts to recover from the economic collapse of 1929 were characterized by a frustrating lack of speed. There was a pervasive sense of sluggishness in the attempts to revive the economy and restore confidence in the financial system. One of the key reasons for this sluggishness was the prevailing belief that the market would eventually correct itself without the need for significant intervention. Additionally, the government's response to the crisis was marked by hesitation and indecision. There was a reluctance to take bold and decisive action to address the root causes of the crash. Instead, policymakers opted for incremental measures that were perceived as too little, too late. This lack of urgency further impeded the recovery ef...
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