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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weak consumer demand
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conservative banking policies that restricted the availability of loans.
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a lack of diversification in the United States economy.
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a maldistribution of purchasing power
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an unstable European economy
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Detailed explanation-1: -What were the major causes of the Great Depression? Among the suggested causes of the Great Depression are: the stock market crash of 1929; the collapse of world trade due to the Smoot-Hawley Tariff; government policies; bank failures and panics; and the collapse of the money supply.
Detailed explanation-2: -The stock market crash triggered the beginning of the Great Depression, the worst economic crisis in U.S history. Which factor did not contribute to the crash? Too many ordinary people growing stock.
Detailed explanation-3: -The Depression Many of the small banks had lent large portions of their assets for stock market speculation and were virtually put out of business overnight when the market crashed. In all, 9, 000 banks failed–taking with them $7 billion in depositors’ assets.