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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a surplus of American goods and shrinking consumer market.
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Americans buying company stocks on credit with no real wealth to make repayments.
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Banks demanding full payment of loans causing citizens with mortgages and other loans to lose their homes and other possessions.
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European Nations continuing to support the United States and buy surplus consumer goods.
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Detailed explanation-1: -The Great Depression was a worldwide phenome-non, and the collapse of international trade was even greater than the collapse of world output of goods and services. Still, like the stock market crash, protectionist trade policies alone did not cause the Great Depression. Money makes the economy function.
Detailed explanation-2: -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.
Detailed explanation-3: -The stock market crash of October 1929 led directly to the Great Depression in Europe.
Detailed explanation-4: -“The most significant effect of the Great Depression in Europe from 1929 to 1950 was causing rising political extremism due to uncertain circumstances in the lives of all Europeans, and especially embracing larger governments and more government controlled economies.”