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Question
Which of the following economic crises immediately preceded World War II?
Which of the following economic crises immediately preceded World War II?
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Solution
The correct option is C Great Depression
Wall Street Exchange, the world's biggest stock market, collapsed in the year 1929. Over the next three years, factories closed down, thousands of banks failed, people lost their jobs, exports fell sharply, and farmers were severely impacted. This phenomenon came to be known as "The Great Depression".
Wall Street Exchange, the world's biggest stock market, collapsed in the year 1929. Over the next three years, factories closed down, thousands of banks failed, people lost their jobs, exports fell sharply, and farmers were severely impacted. This phenomenon came to be known as "The Great Depression".
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