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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Which one of these reasons above were a cause or causes of the Great Depression? Reason 1:Increase in consumer spendingReason 2:Overspeculation in the Stock MarketReason 3:Bank failuresReason 4. Government subsidation of farming
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Reasons 1 and 4
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Reasons 1 and 2
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Reasons 3 and 4
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Reasons 2 and 3
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Explanation:
Detailed explanation-1: -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. In this video, Great Depression expert David Wheelock of the St.
Detailed explanation-2: -The causes of the Great Depression included the stock market crash of 1929, bank failures, and a drought that lasted throughout the 1930s. During this time, the nation faced high unemployment, people lost their homes and possessions, and nearly half of American banks closed.
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