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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Unemployment rates reach record high
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Consumer Price Index skyrockets
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Consumer markets saturated with foreign imports
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Banks face oversupply of currency
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Detailed explanation-1: -Expert-Verified Answer. Unemployment Rates Reach Record Highs the primary issue faced by the federal government at the onset of the Great Depression. The correct option is A.
Detailed explanation-2: -Which headline describes the primary issue faced by the federal government at the onset of the Great Depression? Unemployment rates reach record high.
Detailed explanation-3: -The Great Depression was not a failure of capitalism or of markets, but rather a result of misguided government policies-specifically, the Federal Reserve allowing the money stock to collapse as panics engulfed the banking system.
Detailed explanation-4: -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.
Detailed explanation-5: -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. In this video, Great Depression expert David Wheelock of the St.