According to the Data, Was the Stock-Market Crash of 1929

question 78

Multiple Choice

According to the data, was the stock-market crash of 1929 the primary cause of the Great Depression?

• A) No, the Great Depression actually began two years before the stock market crash of 1929.
• B) Yes, after the stock market crash of October 1929 the market never recovered until the depression came to an end a decade later.
• C) Yes, sharp reductions in stock prices like that of 1929 always result in prolonged depressions.
• D) No, the stock market actually recovered to the level of October 1929 during the five months following the crash.

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Definitions:

State

A political entity that possesses sovereignty over a geographic area and the people within it, with a structured system of governance.

U.S. Tax System

A structured framework by which the federal, state, and local governments in the United States collect taxes from individuals and businesses based on income, sales, property, and other financial activities.

Primary Federal Tax System

The principal tax collection mechanism of the federal government, including income, payroll, and corporate taxes.

Primary State

The initial or foundational level of government authority in a country, often responsible for key areas such as law enforcement and taxation.