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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traveled internationally
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crashed on the ground
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suddenly increased a lot
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moved in a straight line
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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: -Causes of Great Depression The failure of banks, which was the impact of the stock market crash as more people withdrew their savings from the banks leading to closure. Reduction in purchases due to diminished savings. The passing of Smoot-Hawley Tariff or the Tariff Act of 1930, imposed high taxes on imported goods.
Detailed explanation-3: -More important was the impact that it had on people’s lives: the Depression brought hardship, homelessness, and hunger to millions. THE DEPRESSION IN THE CITIES In cities across the country, people lost their jobs, were evicted from their homes and ended up in the streets.
Detailed explanation-4: -It began after the stock market crash of October 1929, which sent Wall Street into a panic and wiped out millions of investors. Over the next several years, consumer spending and investment dropped, causing steep declines in industrial output and employment as failing companies laid off workers.