Which of the Following Factors Led to Significant Changes in Accounting

question 42

Multiple Choice

Which of the following factors led to significant changes in accounting practices?

• A)The Great Depression of 1929
• B)The election of Franklin D. Roosevelt to the presidency in 1932
• C)The enactment of the New Deal legislation
• D)All of the above

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Definitions:

European Hegemony

The political, economic, or cultural dominance of European nations over other regions, notably during the colonial and imperial periods.

World Leaders

Individuals who hold significant political power and influence in countries or global organizations.

Isolationism

The desire to avoid foreign entanglements that dominated the U.S. Congress in the 1930s; beginning in 1935, lawmakers passed a series of Neutrality Acts that banned travel on belligerents’ ships and the sale of arms to countries at war.

International Conflicts

Disputes between different countries or nations, which can involve military, economic, or diplomatic disagreements and can escalate to war.