Which of the following is an accurate statement about the Great Depression?

Its effects and duration would have been even worse if it weren't for a strong economy in Japan and Europe at the time.

It was set off because of a sharp and unexpected rise in interest rates.

It was the most severe economic downturn in the history of industrial capitalism.

It was a recession that became a depression because of World War II.

Question

History

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3 August, 06:43

Which of the following is an accurate statement about the Great Depression?

Its effects and duration would have been even worse if it weren't for a strong economy in Japan and Europe at the time.

It was set off because of a sharp and unexpected rise in interest rates.

It was the most severe economic downturn in the history of industrial capitalism.

It was a recession that became a depression because of World War II.

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Answers (1)

Know the Answer?

Kash Osborn · Answer 1

It was the most severe economic downturn in the history of industrial capitalism.

Explaination:

The other statements are false, while this one is true. This is why it was known as The Great Depression, because it was the worst period of time for economic downturn following a time where it was all seemingly normal.