Which of the following best summarizes the main causes of the Great Depression?

Question

Quizplus · Accepted Answer

The main causes of the Great Depression were a combination of a stock market crash, decrease in expected income, tight monetary policy, higher tax rates, and a banking crisis. These factors all culminated in a severe economic depression. Option A is incorrect because there was no deliberate action by oil-producing countries to cause inflation. Option B is partially correct, as the Federal Reserve did raise interest rates, but the main cause of the Great Depression was not solely this action. Option C is incorrect as the end of overseas war efforts did lead to a decrease in federal spending, but it was not the main cause of the Great Depression. Option E is also incorrect as the end of a bubble in technology stock prices was not the sole cause of the Great Depression.

Which of the Following Best Summarizes the Main Causes of the Great