Question

Which of the following points indicates the Great Depression? 

विकल्प

• The Great Depression was a severe economic crisis that started in the year 1929. 

• It originated in the United States of America with the crash of the stock market and gradually spread to other countries of the world.  

• The main cause behind this crisis was the fall in aggregate demand due to underconsumption and over-investment. 

• All of the above 

Answer 1

All of the above

Explanation:

The Great Depression was a devastating economic downturn that began in 1929. It began in the United States of America with the introduction of the stock market, and it has since extended to other parts of the globe. The key reason.' The cause of the crisis was a drop in aggregate demand caused by underconsumption and overinvestment. Due to insufficient consumption and excessive investment, finished goods inventories began to accumulate, resulting in low price levels and, as a result, poor profit levels. Money in the economy was turned into unsold finished goods, resulting in a sharp drop in employment and, as a result, income levels. The economy's demand for commodities was so low that manufacturing was reduced.