HISTORY
THE WORLD BETWEEN THE WARS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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loss of jobs
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rampant disease
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flooding
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low crime rate
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Detailed explanation-1: -What is an example of economic depression? The most famous example of an economic depression in the United States is the Great Depression, which began in 1929 and lasted until 1939. This period was characterized by a huge decline in economic output, high unemployment, and a significant decrease in purchasing power.
Detailed explanation-2: -During a depression, the unemployment rate spikes into double-digits and demand for consumer goods collapses. Companies usually slow production or shut down factories to compensate, and investment activity dries up. As a result, GDP and other measures of economic activity experience deep contractions.
Detailed explanation-3: -Answer and Explanation: The correct answer is b.) The government became less involved in business activities.