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Q.

Choose the statement as true or false.

The impact of the great depression on the US was good.

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a

True

b

False

answer is B.

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Detailed Solution

The above statement is false.
The impact of the great depression on the United States was not good, and it affected the United States for three straight years, from 1929 to 1932. This time was also known as the great economic depression. This worst time decreased 50% of the national income of the US. The result of this depression was that factories were shut down, farmers were helpless and hit severely. The financiers and speculators withdrew their money from the local and national markets of the US. The correct statement would be that the impact of the great depression on the United States was not good.

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