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Economics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0078021800Economics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0078021800 Exercise 1
The low point of the Great Depression was reached in the year ______.
Explanation
Verified
Verified
Some key points regard Great Depression:
One of the important cause to Great Depression is, during 1920s there was a fundamental unequal distribution of purchasing power in the country US.
During 1929 stock market crashed because at this time stimulate a chain of events that to the economic crisis
The country US stock market reached its low point of the depression in late 1929 and then gradually inched back up.
Hundred thousands of African American left the south suffered massive unemployment because many families cut back on domestic help and went to best industrial cities of the North during great depression period.
Graph 1.1 shows about annual real GDP in the country US during 1910 - 1960:
Graph 1.2 shows about unemployment rate in the country US during 1910 - 1960:
Therefore, the low point of the Great Depression was reached in the year
.
One of the important cause to Great Depression is, during 1920s there was a fundamental unequal distribution of purchasing power in the country US.
During 1929 stock market crashed because at this time stimulate a chain of events that to the economic crisis
The country US stock market reached its low point of the depression in late 1929 and then gradually inched back up.
Hundred thousands of African American left the south suffered massive unemployment because many families cut back on domestic help and went to best industrial cities of the North during great depression period.
Graph 1.1 shows about annual real GDP in the country US during 1910 - 1960:
Graph 1.2 shows about unemployment rate in the country US during 1910 - 1960: Therefore, the low point of the Great Depression was reached in the year .
Economics 11th Edition by Stephen Slavin
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