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 Enormous Melancholy
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The Great Depression
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The Big Sadness
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The Large Recession
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Detailed explanation-1: -The stock market crash of 1929 had a devastating effect on the culture of the 1930s. As investors, businesses, and farms lost money, they started to shutter and lay off workers. Banks closed as well. The Great Depression began in the 1930s, leading to soup kitchens, bread lines, and homelessness across the nation.
Detailed explanation-2: -By 1933 the value of stock on the New York Stock Exchange was less than a fifth of what it had been at its peak in 1929. Business houses closed their doors, factories shut down and banks failed. Farm income fell some 50 percent. By 1932 approximately one out of every four Americans was unemployed.
Detailed explanation-3: -The Government Raised Interest Rates Some experts say this steep, sudden hike cooled investor enthusiasm, which affected market stability and sharply reduced economic growth. Another factor was an ongoing agricultural recession: Farmers struggled to make an annual profit to keep their businesses afloat.