THE ROARING 20S 1920 1929
1920S AMERICAN CULTURE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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One-fourth of workers were without jobs
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Many banks and businesses failed
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Farmers’ incomes increased to high levels
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There were large numbers of homeless and hungry people
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Detailed explanation-1: -What was not an effect of the Great Depression? Many people did not farm; Causes of the Great Depression: many children had a poor diet, many families became homeless, and many men became unemployed.
Detailed explanation-2: -The U.S. economy shrank by a third from the beginning of the Great Depression to the bottom four years later. Real GDP fell 29% from 1929 to 1933. The unemployment rate reached a peak of 25% in 1933. Consumer prices fell 25%; wholesale prices plummeted 32%.
Detailed explanation-3: -Answer and Explanation: The correct answer is b.) The government became less involved in business activities.
Detailed explanation-4: -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.