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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Not enough food for people to eat
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The stock market crash of 1929
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The Harlem Renaissance
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The Dust Bowl
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Detailed explanation-1: -The value of the US stock market nearly doubled in a frenzy of speculative buying in the eighteen months before the crash began on “Black Thursday, ” October 24, 1929. On that day, and on “Black Tuesday, ” October 29, panic set in as millions of shares of stock traded at ever-falling prices.
Detailed explanation-2: -The main cause of the Wall Street crash of 1929 was the long period of speculation that preceded it, during which millions of people invested their savings or borrowed money to buy stocks, pushing prices to unsustainable levels.
Detailed explanation-3: -On October 29, 1929, the United States stock market crashed in an event known as Black Tuesday. This began a chain of events that led to the Great Depression, a 10-year economic slump that affected all industrialized countries in the world.