THE ROARING 20S 1920 1929
AMERICAN ECONOMY IN THE 1920S
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Passage of the Social Security Act
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Beginning of World War II
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Reelection of President Franklin D. Roosevelt in 1940
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The Bonus Army March
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Detailed explanation-1: -During the war, more than 12 million Americans were sent into the military, and a similar number toiled in defense-related jobs. Those war jobs seemingly took care of the 17 million unemployed in 1939. Most historians have therefore cited the massive spending during wartime as the event that ended the Great Depression.
Detailed explanation-2: -“Only World War II, with its demands for massive war production, which created lots of jobs, ended the Depression.”
Detailed explanation-3: -The Great Depression was a worldwide economic downturn that began in the fall of 1929 and did not end in many places until the Second World War. It was triggered in large part by a sudden crash of the American stock market on October 29, a day widely known as Black Tuesday.
Detailed explanation-4: -Black Tuesday: Stock Market Crash of 1929 The crash of the U.S. stock market heralds the beginning of the Great Depression.