The Great Depression:

Question

Quizplus · Accepted Answer

The Great Depression generated unemployment rates of more than 20 percent, which was a significant and lasting economic event. Choice A is incorrect because the Great Depression was not a normal response to changing economic conditions; it was a severe and prolonged economic downturn. Choice B is also incorrect because appropriate monetary policy could have lessened the severity and duration of the Depression. Choice D is incorrect because the Great Depression was a critical event in the economic history of the United States and had significant worldwide repercussions.