The Great Depression did not
A)Follow a period of apparent prosperity.
B)Lead to an unemployment rate that reached 25 percent.
C)Cause President Roosevelt to declare a "bank holiday" in 1933.
D)Lead to a high rate of inflation.

Question

Quizplus · Accepted Answer

The Great Depression did not lead to a high rate of inflation. In fact, it was characterized by deflation, where prices and wages decreased significantly. A, B, and C are all true statements about the Great Depression.

The Great Depression Did Not