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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What was the main reason why the Great Depression was felt so financially in Europe, even before the actual Stock Market Crash of 1929?
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The financial cost of building up a strong military to defeat Hitler.
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Too many nations were spending and investing money in the United States.
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The financial cost of World War I left many nations with no money and high unemployment.
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Too many industries moved to the United States after World War I and never returned to Europe.
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Explanation:
Detailed explanation-1: -The stock market crash of October 1929 led directly to the Great Depression in Europe.
Detailed explanation-2: -What were the major causes of the Great Depression? Among the suggested causes of the Great Depression are: the stock market crash of 1929; the collapse of world trade due to the Smoot-Hawley Tariff; government policies; bank failures and panics; and the collapse of the money supply.
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