Practicing Success
In which year was "The Great Depression" witnessed? |
1909 1911 1929 1966 |
1929 |
"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. |