THE GREAT DEPRESSION 1929 1940
THE GREAT DEPRESSION
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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World War I
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the Great Depression
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World War II
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the Gold Rush
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Detailed explanation-1: -The Dust Bowl intensified the crushing economic impacts of the Great Depression and drove many farming families on a desperate migration in search of work and better living conditions.
Detailed explanation-2: -Economic depression coupled with extended drought, unusually high temperatures, poor agricultural practices and the resulting wind erosion all contributed to making the Dust Bowl. The seeds of the Dust Bowl may have been sowed during the early 1920s.
Detailed explanation-3: -The Great Depression was the worst economic downturn in the history of the industrialized world, lasting from the stock market crash of 1929 to 1939. The Great Depression was the worst economic downturn in the history of the industrialized world, lasting from the stock market crash of 1929 to 1939.
Detailed explanation-4: -Real GDP fell 29% from 1929 to 1933. The unemployment rate reached a peak of 25% in 1933. Consumer prices fell 25%; wholesale prices plummeted 32%. Some 7, 000 banks, nearly a third of the banking system, failed between 1930 and 1933.