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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homelessness
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bank failures
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high tariffs
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struggling farmers
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Detailed explanation-1: -Answer and Explanation: The correct answer is b.) The government became less involved in business activities.
Detailed explanation-2: -What was not an effect of the Great Depression? Many people did not farm; Causes of the Great Depression: many children had a poor diet, many families became homeless, and many men became unemployed.
Detailed explanation-3: -The Smoot-Hawley Tariff Act did not cause the Great Depression; however, it worsened conditions during that time. The Act increased tariffs, which further stressed struggling nations-including those in debt to the U.S.-and caused other nations to retaliate by imposing their own tariffs.
Detailed explanation-4: -The U.S. economy shrank by a third from the beginning of the Great Depression to the bottom four years later. Real GDP fell 29% from 1929 to 1933. The unemployment rate reached a peak of 25% in 1933. Consumer prices fell 25%; wholesale prices plummeted 32%.