Asked by Mubashier Hoosain on Jun 06, 2024
Verified
Between which two years did the nation suffer a staggering economic depression?
A) 1883 and 1886
B) 1893 and 1897
C) 1892 and 1895
D) 1871 and 1877
Economic Depression
A long-term downturn in economic activity characterized by high unemployment, low consumer spending, and a decline in industrial output.
Staggering
Astonishing or deeply shocking in scale, magnitude, or degree.
Suffer
To experience or be subjected to something bad or unpleasant.
- Gain an insight into the fiscal adversities of the late 19th century, embracing depressions and the adopted policy measures.
Verified Answer
OR
Omayra RomanJun 13, 2024
Final Answer :
B
Explanation :
The nation suffered a staggering economic depression between 1893 and 1897. This period is known as the Panic of 1893, which was one of the worst economic downturns in U.S. history, marked by bank failures, severe unemployment, and widespread poverty. The other options listed do not correspond to any major economic depressions in U.S. history.
Learning Objectives
- Gain an insight into the fiscal adversities of the late 19th century, embracing depressions and the adopted policy measures.
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