Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

General Knowledge

Topic

Economics

Question:

In which year was "The Great Depression" witnessed?

Options:

1909

1911

1929

1966

Correct Answer:

1929

Explanation:

"The Great Depression" was witnessed in the year 1929. It became evident when there was a huge fall in the stock prices in "United States". Also, in the subsequent years the output and employment levels in the countries of Europe and North America fall by huge amounts. It affected other countries of the world as well. Demand for goods in the market was low, many factories were lying idle, workers were thrown out of jobs. In USA, from 1929 to 1933, unemployment rate rose from 3 per cent to 25 per cent.