In what year did the Great Economic Depression start?
- A.1911
- B.1931
- C.1914
- D.1929
Show answer
Correct answer: D. 1929
Explanation
The correct answer is D, 1929. The Great Depression began with the crash of the New York stock market in October 1929, remembered through Black Thursday and Black Tuesday of that month. Banks failed, industrial output collapsed and unemployment rose across the United States and Europe through the early 1930s; the recovery in America came with Franklin D. Roosevelt's New Deal from 1933. A is wrong because 1911 is associated with the Chinese Revolution, not with any economic collapse. B is wrong because 1931 falls in the depth of the Depression but is two years after it began, and this is the option that catches candidates who remember only that the worst years were in the early thirties. C is wrong because 1914 is the year the First World War started.