Which time frame is referred to as the Great Depression?

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1920 - 1930

1929 - 1933

1919 - 1932

1924 - 1931

answer is B.

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Detailed Solution

The time frame referred to as the Great Depression is 1929-1933. Most developed countries experienced the Great Depression, a prolonged and severe economic catastrophe. Germany, which had five years of fictitious prosperity supported by American loans and goodwill, experienced one of the worst cases of the Great Depression. As businesses closed or made cuts, unemployment struck millions of Germans. As banks failed, other people lost their savings. In the absence of employment, many unemployed people turned to crime. In addition, the savings of the middle class and salaried workers were substantially diminished as a result of the depreciation of the German currency.

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