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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World War II
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World War I
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the Second New Deal
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the New Deal
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Detailed explanation-1: -When Japan attacked the U.S. Naval base at Pearl Harbor, Hawaii, on December 7, 1941, the United States found itself in the war it had sought to avoid for more than two years. Mobilizing the economy for world war finally cured the depression.
Detailed explanation-2: -The War put the American people back to work. In 1940 the unemployment rate was at 14.6%. In 1941 the employment rate had dropped to 9.9% and by 1944 had dropped to 1.2% (Hing 1). “War expenditures soon revived the economy.
Detailed explanation-3: -The Great Depression was a worldwide economic depression that lasted 10 years. GDP during the Great Depression fell by nearly half. A combination of the New Deal and World War II lifted the U.S. out of the Depression.