Asked by Marianne Jenkins on Jun 09, 2024
Verified
Which of the following factors contributed to the Great Depression?
A) Risky stock market speculation
B) A high rate of inflation
C) The elimination of protective tariffs
D) A large and growing federal deficit
Great Depression
A severe worldwide economic downturn that took place during the 1930s, leading to widespread unemployment and poverty.
Stock Market Speculation
The act of trading stocks, commodities, or other financial instruments with the aim of making profits from short-term fluctuations in their prices, often involving high risk.
Protective Tariffs
Tariffs imposed on imports to protect domestic industries from foreign competition by increasing the cost of imported goods.
- Learn about the determinants of the economic upturn in the 1920s and the initial elements of the Great Depression.
Verified Answer
Learning Objectives
- Learn about the determinants of the economic upturn in the 1920s and the initial elements of the Great Depression.
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