The correct answer is D) After a period of economic growth in the US, the economy experienced a severe recession triggered by the stock market crash in 1929.
The statement that best describes the Great Depression is "After a period of economic growth in the US, the economy experienced a severe recession triggered by the stock market crash in 1929.
The United States stock market crashed on October 29, 1929, inciting the worst economic crisis in the history of the United States: the Great Depression.
After the US stock market crashed, millions of Americans lost their jobs, companies broke, and banks went into bankruptcy.
President Herbert Hoover practically did nothing to help the unemployed Americans. It was until the arrival of President Franklin Roosevelt, that he created teh New Deal, a series of policies and legislation aimed to help the American people in need.
At the time of Great Depression, People were buying and consuming a lot of goods, and a lot of people were unable to pay for the things they had and mostly the stock markets crashed.
The Great Depression
Correct option is D.
After the US stock market crashed, millions of Americans lost their jobs, companies broke, and banks went into bankruptcy.
President Herbert Hoover practically did nothing to help the unemployed Americans. It was until the arrival of President Franklin Roosevelt, that he created the New Deal, a series of policies and legislation aimed to help the American people in need.
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