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Question
Which of the following factors led to the Great Economic Depression of 1929-1932?
Which of the following factors led to the Great Economic Depression of 1929-1932?
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Solution
The correct option is D The US Stock Market Crash
In 1929, the New York Stock Exchange collapsed when people began to sell their stocks after sensing a decline in the prices. This incident aggravated the existing economic crisis and resulted in the Great Depression.
In 1929, the New York Stock Exchange collapsed when people began to sell their stocks after sensing a decline in the prices. This incident aggravated the existing economic crisis and resulted in the Great Depression.
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