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What is the Great Depression best described as?

What is the Great Depression best described as?

The Great Depression was the worst economic downturn in the history of the industrialized world, lasting from 1929 to 1939. It began after the stock market crash of October 1929, which sent Wall Street into a panic and wiped out millions of investors.

Which statement correctly describes one cause of the Great Depression?

Based on the information below, the statement that BEST describes one cause of the Great Depression is that people were not buying new cars at the same rate they had in the early 1920’s which led to increased unemployment.

Which statement describes an effect of the Great Depression on city life?

Which statement describes an effect of the Great Depression on city life? Many people lost their jobs and were evicted from their homes.

What are three characteristics of the Great Depression?

The Great Depression

  • Overproduction.
  • Speculators.
  • Reduced International Trade.
  • Buying on Margin.
  • Installment Buying.
  • Weaknesses in Banking.

What best characterizes the period known as the Great Depression?

What best characterized the period known as the Great Depression? Americans suffered times of economic hardship. Many citizens were stripped of political rights.

Which statement best explains how the practice of buying stocks on margin contributed to the Great Depression?

Which statement best explains how the practice of buying stocks on margin contributed to the Great Depression? It encouraged many people to make risky investments they could not afford. Which trend occurred at the beginning of the Great Depression?

Which statement best explains a major cause of the Great Depression in the United States?

Which statement best explains a major cause of the Great Depression in the United States? Factories and farms produced more products than Americans could afford to buy.

Which statement describes the actions taken by President Hoover to solve the problems of the Depression in 1929 quizlet?

7. Which statement describes the actions taken by President Hoover to solve the problems of the depression in 1929? He provided federal loans to private citizens who could prove that they had not participated in speculation.

Which of the following was a result of the Great Depression *?

The Great Depression of 1929 devastated the U.S. economy. A third of all banks failed. 1 Unemployment rose to 25%, and homelessness increased. 2 Housing prices plummeted 67%, international trade collapsed by 65%, and deflation soared above 10%.

What were the main features of the Great Depression?

In the United States, the Great Depression began with the Wall Street Crash of October 1929. The stock market crash marked the beginning of a decade of high unemployment, poverty, low profits, deflation, plunging farm incomes, and lost opportunities for economic growth as well as for personal advancement.