Which of the Following Contributed to the Severity of the Great

question 657

Multiple Choice

Which of the following contributed to the severity of the Great Depression in the 1930s?

• A) large increases in tax rates in 1932 and again in 1936
• B) large increases in the money supply during the early 1930s
• C) a reduction in tariffs protecting many U.S. industries
• D) a substantial tax rate reduction, which led to large deficits and high interest rates during the early 1930s

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Definitions:

Avoided Contract

A contract that has been declared null and void, often due to legal deficiencies or mutual agreement.

Identity, Existence

The concept or fact of being the same entity as described or claimed, often used in legal contexts to determine the authenticity or truthfulness of a person or entity.

Rescinds Contract

The act of officially cancelling or terminating a contract by mutual agreement of the parties involved or due to some legal reason.

Other Party

In legal or contractual language, this term refers to an entity or person aside from the one being directly addressed or previously mentioned.