A Decade After World War I Ended, a Significant Event

A decade after World War I ended, a significant event occurred that caused consumer sales resistance, corporate budget cutting, and advertising expenditures to plummet. This event was:

A) the imposition of a personal income tax by the federal government.
B) the defeat of Germany and its default on loans granted by the Allies.
C) the stock market crash and the beginning of the Great Depression.
D) the creation of the World Bank, which made loans available to state and federal banks.
E) strong challenges to the consumer credit system as established by the federal government.