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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End of the gold rush
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Crash of the stock market
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End of World War II
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High price of oil
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Detailed explanation-1: -Suddenly on 24th of October, 1929, a large number of shares began to be sold in the ‘Wall Street’ stock market. This led to the collapse of the most important stock market in the USA. This event is popularly known as the ‘Wall street crisis’. This crash led to the Great Global Depression.
Detailed explanation-2: -Known as Black Thursday, the crash was preceded by a period of phenomenal growth and speculative expansion. A glut of supply and dissipating demand helped lead to the economic downturn as producers could no longer readily sell their products.
Detailed explanation-3: -A stock market crash occurs when the market has entered an unstable phase, and an economic disturbance causes share prices to fall suddenly and unexpectedly. Historical stock market crashes in the U.S. occurred in 1929, 1987, 1999-2000, 2008, and 2020.