What did the U.S.business cycles in the early 1890s and early 1930s have in common?
A)rapid industrialization
B)persistently high inflation
C)high consumer confidence
D)all of the above
E)none of the above

Question

Quizplus · Accepted Answer

Both periods were marked by economic depressions, not by rapid industrialization, high inflation, or high consumer confidence. The early 1890s saw the Panic of 1893, and the early 1930s were the beginning of the Great Depression.

What Did the U