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The Great Economic Depression occurred in the year?

1. 1920
2. 1929
3. 1940
4. 1915

1 Answer

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Correct Answer - Option 2 : 1929
  • Great Depression was a worldwide economic downturn that began in 1929 and lasted until about 1939.
  • It began after the stock market crash of October 1929, which sent Wall Street into a panic and wiped out millions of investors. 
  • Economists and historians often cite the Great Depression as the most catastrophic economic event of the 20th century.
  • Although it originated in the United States, the Great Depression caused drastic declines in output, severe unemployment, and acute deflation in almost every country in the world.

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