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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It made market speculators afraid to invest aggressively
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It made much of the country invested in the stock market
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Workers who did not earn enough money and had to take loans or easy credit
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None of the above
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Detailed explanation-1: -The uneven distribution of income in the USA during the 1920s means that majority of workers and farmers of the period did not earn enough to consume the goods they produced. The result was the overproduction, one of the main causes of the Great Depression.
Detailed explanation-2: -Many factors played a role in bringing about the depression; however, the main cause for the Great Depression was the combination of the greatly unequal distribution of wealth throughout the 1920’s, and the extensive stock market speculation that took place during the latter part that same decade.
Detailed explanation-3: -Economic inequality is the unequal distribution of income and opportunity between different groups in society. It is a concern in almost all countries around the world and often people are trapped in poverty with little chance to climb up the social ladder.
Detailed explanation-4: -Societies with pronounced economic inequality suffer from lower long-term GDP growth rates, higher crime rates, poorer public health, increased political inequality, and lower average education levels.
Detailed explanation-5: -During the 1920s, there was a pronounced shift in wealth and income toward the very rich. Between 1919 and 1929, the share of income received by the wealthiest one percent of Americans rose from 12 percent to 19 percent, while the share received by the richest five percent jumped from 24 percent to 34 percent.