Which Statement About the Great Depression Is FALSE

question 30

Multiple Choice

Which statement about the Great Depression is FALSE?

• A) The stock market crash in the United States led to the withdrawal of American investments in Europe thus weakening the European banking system.
• B) Economic depressions were a new phenomenon in the European experience.
• C) During the depression women were often able to secure low-paying jobs and servants and housekeepers while many men remained unemployed.
• D) The classical liberal remedies for depressions were balanced budgets, cutting costs, and raising tariffs, all of which only worsened the crisis.
• E) Fascism and communism appealed to many because of the perceived failure of capitalism.

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Definitions:

Apple Orchard

A type of farm where apple trees are cultivated primarily for the production of apples.

Honey

A sweet, viscous food substance produced by bees and some other insects from the nectar of flowers.

Apples

A sweet, edible fruit produced by an apple tree, typically round in shape and available in many varieties.

Quasi-Rents

Earnings generated from a leased asset over and above the economic cost of utilizing the asset, often temporary due to market circumstances.