THE ROARING 20S 1920 1929
1920S AMERICAN CULTURE
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
Which economic factor was a major cause of the Great Depression?
|
|
increases in taxes on business
|
|
|
reduction of tariffs on imports
|
|
|
purchase of stocks on credit
|
|
|
failure to produce enough consumer goods
|
Explanation:
Detailed explanation-1: -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. The passing of Smoot-Hawley Tariff or the Tariff Act of 1930, imposed high taxes on imported goods.
Detailed explanation-2: -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.
There is 1 question to complete.