Great Depression was:

Question

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The Great Depression was a period of severe economic downturn that lasted from 1929 to 1939, during which the GDP of the United States fell by almost 30%. It was marked by high unemployment rates, widespread business failures, and a significant decrease in consumer spending. It is widely considered to be the worst economic period in U.S. history. Options A, B, and D are incorrect because the Great Depression was not a natural manifestation of competitive markets, it was not cut short because of well-thought-out monetary policy, and it was much more severe than the 2008-2009 recession.

Great Depression Was