What major historical event led to the most significant challenge to classical economic thinking?
A) The war on poverty
B) The American Revolution
C) World War II
D) The Great Depression
E) The oil shocks of the 1970s

Question

Quizplus · Accepted Answer

The Great Depression led to the most significant challenge to classical economic thinking, as it demonstrated the limitations of laissez-faire policies and sparked a shift towards Keynesian economics, which emphasized government intervention to stabilize the economy.

What Major Historical Event Led to the Most Significant Challenge