Question

How did the stock market crash help to define the era of 1930-1945?

a: It led to investors in other countries buying up American companies, leading to a war involving the major power of the world.

b: It resulted in tariffs being decreased to encourage more international trade, which ultimately led to the Second World War.

c: It resulted in bank closures and the loss of people’s savings accounts, marking the beginning of the Great Depression.

d: It drove prices down as companies attempted to drive demand for their products up, leading to a decade-long depression.

Answer 1

The stock market crash help to define the era of 1930-1945 as It resulted in bank closures and the loss of people’s savings accounts, marking the beginning of the Great Depression. Thus option (C) is correct.

What is Great Depression?

Great Depression refers to the situation when their was the economic turn down in America which affected the whole globe. The Great depression started due to the fall in the prices of the stock market.

The Great Depression's start, which was signaled by the stock market crash, which led to bank closures and the loss of people's savings accounts, helped to define the 1930s to 1945 period. The correct option is (C), thus.

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