Asked by
Pranav Kurapati
on Oct 14, 2024Verified
Which statement is true?
A) A depression followed both World War I and World War II.
B) A depression followed neither World War I nor World War II.
C) A depression followed World War I,but not World War II.
D) A depression followed World War II but not World War I.
Depression
An economic depression is a prolonged period of significant decline in economic activity across a region or country, characterized by high unemployment, low consumer spending, and a decrease in industrial production.
- Familiarize oneself with the precursors and impacts of economic recessions and depressions in the context of U.S. history.
Verified Answer
SS
Learning Objectives
- Familiarize oneself with the precursors and impacts of economic recessions and depressions in the context of U.S. history.