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Which event marked the beginning of the Great Depression? A) The New Deal B)...

Dec 15, 2023

Which event marked the beginning of the Great Depression? A) The New Deal B) The assassination of Archduke Franz Ferdinand C) The Stock Market Crash of 1929 D) The signing of the Treaty of Versailles

C

Key Concept

The Great Depression was a severe worldwide economic downturn that took place during the 1930s. It began after the stock market crash of October 1929, which sent Wall Street into a panic and wiped out millions of investors. (KC-7.3.I.A)

Explanation

The Stock Market Crash of 1929 marked the beginning of the Great Depression. Over the course of several days in October, stock prices plummeted, and the market lost a significant portion of its value. This event triggered a decade-long economic crisis affecting both industrialized and non-industrialized countries around the world.