USA HISTORY

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THE GREAT DEPRESSION 1929 1940

THE GREAT DEPRESSION

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The Depression had deep roots in the economy of the 1920s, including overproduction, high tariffs, missteps by the Federal Reserve, and
A
an inadequate money supply
B
excessive reliance on export sales
C
uneven distribution of income.
D
None of the above
Explanation: 

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: -Investing in the speculative market in the 1920s led to the stock market crash in 1929, which wiped out a great deal of nominal wealth. Most historians and economists agree that the stock market crash of 1929 wasn’t the only cause of the Great Depression.

Detailed explanation-3: -While the October 1929 stock market crash triggered the Great Depression, multiple factors turned it into a decade-long economic catastrophe. Overproduction, executive inaction, ill-timed tariffs, and an inexperienced Federal Reserve all contributed to the Great Depression.

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