THE GREAT DEPRESSION 1929 1940
THE GREAT DEPRESSION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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New Deal
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Roaring 20’s
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Great Depression
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Cold War
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Detailed explanation-1: -The Great Depression was the worst economic downturn in US history. It began in 1929 and did not abate until the end of the 1930s. The stock market crash of October 1929 signaled the beginning of the Great Depression. By 1933, unemployment was at 25 percent and more than 5, 000 banks had gone out of business.
Detailed explanation-2: -The Stock Market Crashes! The 1920s, known as the Roaring Twenties, was a time of many changes-sweeping economic, political, and social changes. There were many aspects to the economy of the 1920s that led to one of the most crucial causes of the Great Depression-the stock market crash of 1929.
Detailed explanation-3: -Following the end of the depression, the Roaring Twenties brought a period of economic prosperity between August 1921 and August 1929, one month before the stock market crash that triggered the start of the Great Depression.
Detailed explanation-4: -At the height of the Depression in 1933, 24.9% of the nation’s total work force, 12, 830, 000 people, were unemployed.