Collapse of stock prices in 1929 that helped trigger the Great Depression.

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Study for the U.S. Immigration, Labor, and Political Movements Test of the late 1800s to early 1900s. Learn with comprehensive questions and detailed explanations. Master your exam preparation!

Multiple Choice

Collapse of stock prices in 1929 that helped trigger the Great Depression.

Explanation:
The event described is the stock market crash of 1929, when a dramatic fall in stock prices, highlighted by Black Tuesday, shattered confidence and wiped out a huge portion of wealth. This collapse triggered bank runs, widespread bankruptcies, and a sharp declines in spending and investment, setting off a downward economic spiral that helped produce the Great Depression. The Great Depression itself is the broader period of severe economic hardship that followed, not the single triggering event. The Smoot-Hawley Tariff Act, enacted in 1930, worsened economic conditions by reducing international trade, while the Tennessee Valley Authority (TVA) was a 1933 New Deal program aimed at regional development and electricity production. So the collapse of stock prices in 1929 that helped trigger the Great Depression is the stock market crash.

The event described is the stock market crash of 1929, when a dramatic fall in stock prices, highlighted by Black Tuesday, shattered confidence and wiped out a huge portion of wealth. This collapse triggered bank runs, widespread bankruptcies, and a sharp declines in spending and investment, setting off a downward economic spiral that helped produce the Great Depression. The Great Depression itself is the broader period of severe economic hardship that followed, not the single triggering event. The Smoot-Hawley Tariff Act, enacted in 1930, worsened economic conditions by reducing international trade, while the Tennessee Valley Authority (TVA) was a 1933 New Deal program aimed at regional development and electricity production. So the collapse of stock prices in 1929 that helped trigger the Great Depression is the stock market crash.

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