HistoryWhen did the Great Depression hit the US market?

When did the Great Depression hit the US market?


  1. A
    1939
  2. B
    1933
  3. C
    1929
  4. D
    1930 

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    Solution:

    The Great Depression hit the US market in 1929. It was the worst economic downturn in the history of the industrialised world. It started after the 1929 stock market catastrophe, which paralysed Wall Street and caused the loss of millions of investors. Consumer spending and investment fell during the following years, which led to sharp drops in industrial output and employment as faltering businesses laid-off workers. When the Great Depression peaked in 1933, there were 15 million unemployed Americans, and nearly half the nation's banks had failed. The nation experienced the depression at a different time and with a different effect.
     
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