HISTORY
THE WORLD BETWEEN THE WARS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The Dust Bowl
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Herbert Hoover’s inability to govern
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The Stock Market Crash
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The Roaring 20’s
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Detailed explanation-1: -The main cause of the Wall Street crash of 1929 was the long period of speculation that preceded it, during which millions of people invested their savings or borrowed money to buy stocks, pushing prices to unsustainable levels.
Detailed explanation-2: -Effects of the 1929 Stock Market Crash: The Great Depression The stock market crash of 1929 was not the sole cause of the Great Depression, but it did act to accelerate the global economic collapse which it was also a symptom.
Detailed explanation-3: -Black Thursday launched the stock market crash of 1929, which kicked off the Great Depression. A severe drought along with bad farming practices led to the Dust Bowl, worsening the economic outlook of many Americans.
Detailed explanation-4: -There was a significant drop in consumer spending and investments that caused a major decline in industrial output and laid off employees from companies. By 1933, the unemployment rate had risen to 25%, and the GDP of the USA contracted to half of its value due to deflation.