Question

Why is the period from 1929 to mid-1930s known as the Great Depression?

• A. It resulted in unemployment.
• B. There was a decline in production.
• C. Number of civilian deaths increased.
• D. An epidemic broke out.

Answer 1

Answer: (A), (B)

There was a decline in production.

The world was thrown into an economic depression and the period for which it lasted is referred to as the Great Depression. This period was marked by catastrophic declines in production, employment, incomes and trade in most parts of the world.