The United States is currently experiencing the greatest economic setback since_______________.
A) the Revolutionary War
B) the Great Depression
C) World War II
D) the 1980s savings and loan scandals

Question

The United States is currently experiencing the greatest economic setback since_______________.
A) ​the Revolutionary War
B) ​the Great Depression
C) ​World War II
D) ​the 1980s savings and loan scandals

Quizplus · Accepted Answer

This is because the Great Depression was the worst economic downturn in the history of the industrialized world, marked by high unemployment, poverty, low profits, deflation, and loss of farm and urban land. The current economic setback in the United States is comparable in scale and scope to the Great Depression in terms of its impact on GDP, employment, consumer spending, and business investments. While other events, such as wars and scandals, have had significant economic consequences, they do not meet the same criteria for comparison.

The United States Is Currently Experiencing the Greatest Economic Setback