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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The ____ signaled the beginning of ____
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dust bowl ____ the New Deal
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election of Roosevelt ____ Consumerism
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stock market crash ____ the Great Depression
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election of Hoover ____ prosperity
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Explanation:
Detailed explanation-1: -The stock market crash of 1929 was not the sole cause of the Great Depression, but it did act to accelerate the global economic collapse of which it was also a symptom.
Detailed explanation-2: -People Bought Stocks With Easy Credit A similar type of overconfidence was seen in industries such as manufacturing and agriculture: overproduction led to a glut of items including farm crops, steel, durable goods and iron. This meant companies had to purge their supplies at a loss, and share prices suffered.
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