THE ROARING 20S 1920 1929
1920S AMERICAN CULTURE
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
Unemployment reached its highest level in United States history.
|
|
|
Congress voted to reject New Deal policies.
|
|
|
Stock prices were higher than investors could afford.
|
|
|
Agriculture replaced manufacturing as the primary industry.
|
Detailed explanation-1: -In the United States, where the Depression was generally worst, industrial production between 1929 and 1933 fell by nearly 47 percent, gross domestic product (GDP) declined by 30 percent, and unemployment reached more than 20 percent.
Detailed explanation-2: -The stock market crash of 1929 had a devastating effect on the culture of the 1930s. As investors, businesses, and farms lost money, they started to shutter and lay off workers. Banks closed as well. The Great Depression began in the 1930s, leading to soup kitchens, bread lines, and homelessness across the nation.
Detailed explanation-3: -While the crash of 1929 curtailed economic activity, its impact faded within a few months, and by the fall of 1930 economic recovery appeared imminent. Then, problems in another portion of the financial system turned what may have been a short, sharp recession into our nation’s longest, deepest depression.