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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Which of the following was a major result of the Stock Market Crash of 1929?
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Many Americans purchased new Ford automobiles to travel the country.
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Many Americans began placing all of their money in banks.
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Many Americans increased their spending.
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Many Americans lost their savings.
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Explanation:
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: -The Great Depression of 1929 devastated the U.S. economy. A third of all banks failed. 1 Unemployment rose to 25%, and homelessness increased. 2 Housing prices plummeted, international trade collapsed, and deflation soared.
There is 1 question to complete.