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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Sales taxes were no longer charged on domestic exports.
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Stock brokers were charged higher income tax than bankers were.
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Taxes on wealthy Americans and businesses were reduced.
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Farmers were taxed on their crops, which led to increased prices.
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Detailed explanation-1: -Q. Which of the following was the part of the federal government’s taxation policy during the 1920s that helped weaken the American economy? Sales taxes were no longer charged on domestic exports.
Detailed explanation-2: -The Fed increased interest rates in response to the rampant speculation on the stock market from 1928 to 1929, which led to a decline in consumer spending. The Fed did not try to prevent the banking panics from 1930 to 1933. The Fed only provided assistance to its member banks or those with adequate collateral.
Detailed explanation-3: -One feature of the United States economy during the 1920s that contributed to the Great Depression was overproduction of consumer goods. One the long-term effect of the Great Depression was the economic role of the federal government was expanded.
Detailed explanation-4: -Which statement best describes the American economy in the late 1920s? High tariffs stimulated international trade.
Detailed explanation-5: -Which of the following directly contributed to the economic instability of the United States in 1929? Over speculation in the stock market.