Central Planning During the Great Depression

During the great depression, many countries turned towards central planning. The idea is that we would remove markets from the equation and instead rely on a central body like the government to come up with a plan for how they want the economy to look. During world war too, there were all types of centralization on display - you had soviet russia,. You had national socialism. In germany. You had more marginal versions of socialization in the united states through f d r's new deal. Oin the uk, stepping from the fabian society. Once again, major world powers were turning towards central plans.