USA HISTORY

THE GREAT DEPRESSION 1929 1940

THE GREAT DEPRESSION

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which of the following would MOST contribute to people living beyond their means?
A
Credit
B
Rich People
C
Goverment
D
The Stock Market
Explanation: 

Detailed explanation-1: -What were the major causes of the Great Depression? 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-2: -The stock market crash triggered the beginning of the Great Depression, the worst economic crisis in U.S history. Which factor did not contribute to the crash? Too many ordinary people growing stock.

Detailed explanation-3: -Money Making Ideas. Chopped and Sold Wood-The production of lumber fell drastically during the depression, but people still needed to heat their stoves. Chopping and selling wood was one occupation many turned to. Mowed Lawns-Many folks would mow lawns and offer other types of yard work services.

Detailed explanation-4: -When Japan attacked the U.S. Naval base at Pearl Harbor, Hawaii, on December 7, 1941, the United States found itself in the war it had sought to avoid for more than two years. Mobilizing the economy for world war finally cured the depression.

There is 1 question to complete.