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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Because of the Great Depression, the stock market crashed.
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Because of the stock market crashed, the Great Depression came to an end.
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Because of the Great Depression, World War II began.
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Because of World War II, the Great Depression came to an end.
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Detailed explanation-1: -The Great Depression was a worldwide phenomenon, and the collapse of international trade was even greater than the collapse of world output of goods and services. Still, like the stock market crash, protectionist trade policies alone did not cause the Great Depression.
Detailed explanation-2: -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-3: -When Did the Great Depression End? The Great Depression ended in 1941. This was around the same time that the United States entered World War II. Most economists cite this as the end date, as this was the time that unemployment dropped and GDP increased.
Detailed explanation-4: -Causes of Great Depression Stock market crash of 1929. The failure of banks, which was the impact of the stock market crash as more people withdrew their savings from the banks leading to closure. Reduction in purchases due to diminished savings.