The first major event of the Great Depression was:
A) a series of bank failures.
B) a fall in investment spending.
C) a stock market crash.
D) the Smoot-Hartley tariffs.

Question

Quizplus · Accepted Answer

The first major event of the Great Depression was the stock market crash of 1929, which sparked a widespread panic and caused billions of dollars in investment to disappear practically overnight. This in turn led to massive unemployment and a widespread economic downturn. While bank failures and trade policies such as the Smoot-Hartley tariffs exacerbated the crisis, they were not the initial cause of the economic collapse.

The First Major Event of the Great Depression Was