During the Great Depression, Americans were skeptical of the bailouts of the banking and automobile industries because they didn't want to help industries they perceived to be too powerful and privileged.
The Great Depression was a period of severe economic recession in the United States of America and it challenged the prevailing classical economic belief that the macro-economy would quickly return to long-run equilibrium due to a demand shock, since it wasn't until 7 years after the Great Depression began that real gross domestic product (GDP) returned to pre-Depression levels.
During the Great Depression, we can reasonably infer and logically conclude that the Americans were skeptical of the bailouts of the banking and automobile industries because they didn't want to help industries they perceived to be too powerful and privileged.
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