Asked by Amanuel Mengistab on Jul 08, 2024
Verified
Which statement is false?
A) Had the stock market not crashed and the rest of the world not gone into a depression,the U.S.depression might have been avoided.
B) By the end of 1930 thousands of banks had failed.
C) By the first week in March 1933 every single bank in the United States had shut its doors.
D) None of the statements are false.
Stock Market
A marketplace where stocks (shares of ownership in businesses) are bought and sold, providing companies with access to capital and investors with a slice of ownership.
Depression
A severe and prolonged downturn in economic activity, characterized by significant decline in GDP, high unemployment, falling prices, and reduced levels of trade and investment.
Banks
Financial institutions that accept deposits from the public, make loans, and provide various financial services, including currency exchange and wealth management.
- Acknowledge significant historical intervals and their repercussions on economic states, including the Great Depression and its resolution.
Verified Answer
Learning Objectives
- Acknowledge significant historical intervals and their repercussions on economic states, including the Great Depression and its resolution.
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