USA HISTORY

THE GREAT DEPRESSION 1929 1940

THE GREAT DEPRESSION

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which of the following was NOT an EFFECT of the Great Depression?
A
homelessness
B
bank failures
C
high tariffs
D
struggling farmers
Explanation: 

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%.

There is 1 question to complete.