LITERATURE QUESTIONS
CULTURAL AND LITERARY IN MODERNITY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The Great Depression lasted for one hundred years.
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The Great Depression was the longest and most severe depression ever experienced by Western civilization since industrialization.
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The Great Depression was a severe economic downturn in the industrialized world that began in 1929 and lasted for approximately ten years.
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B and C only
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Detailed explanation-1: -The “Great Depression “ was a severe, world-wide economic disintegration symbolized in the United States by the stock market crash on “Black Thursday", October 24, 1929 . The causes of the Great Depression were many and varied, but the impact was visible across the country.
Detailed explanation-2: -Which of the following statements best explains the cause of the Great Depression? The problems with the agricultural, industrial, investment, and banking sectors of the United States economy were all inter-related, and all began to experience problems in the late 1920’s.
Detailed explanation-3: -During the Great Depression, there was a decline in demand of goods which led to decline in production and shut down of factories. This resulted in lesser production. As the availability of goods in the market became less due to lesser production, the prices began to increase.
Detailed explanation-4: -The Great Depression is referred to as the greatest and also the longest economic downturn or recession in modern history. It started in the USA. After that, it had a rippling effect on the economies of the world. It is said that the Great Depression started with the USA stock market crash in October 1929.