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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Name given to the period of economic down turn that began in 1929.
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Name given to the period of economic down turn that began in 1920.
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Name given to the period of economic down turn that began in 1928.
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Name given to the period of economic down turn that began in 1829.
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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.
Detailed explanation-2: -The Great Depression was the worst economic downturn in the history of the industrialized world, lasting from 1929 to 1939. It began after the stock market crash of October 1929, which sent Wall Street into a panic and wiped out millions of investors.
Detailed explanation-3: -They argued that the Great Depression was caused by the banking crisis that caused one-third of all banks to vanish, a reduction of bank shareholder wealth and more importantly monetary contraction of 35%, which they called “The Great Contraction".
Detailed explanation-4: -The Great Depression was a severe worldwide economic depression that took place mostly during the 1930s, beginning in the United States. The timing of the Great Depression varied across nations in most countries, it started in 1929 and lasted until the late 1930s.
Detailed explanation-5: -Why is the period from 1929 to mid-1930s known as the Great Depression? It resulted in unemployment. There was a decline in production. Number of civilian deaths increased.