Which statement best summarizes the period known as the great depression?
a. it was a period of slight economic downturn that affected only the very poor, as they faced high numbers of unemployment and lack of housing.
b. it was a period of severe economic downturn that affected farmers the worst, as people stopped buying farm products and farms were destroyed by dust storms in the great plains
c. it was a period of severe economic downturn affected businesses, farms, and everyday americans, as unemployment and homelessness increased around the country
d. it was a period of economic downturn that affected only those people who invested in stocks using credit. they were unable to pay their debts, which resulted in homelessness
c. it was a period of severe economic downturn affected businesses, farms, and everyday Americans, as unemployment and homelessness increased around the country
The correct statement that best summarizes the period known as the Great Depression is C: it was a period of severe economic downturn affecting businesses, farms, and everyday Americans, as unemployment and homelessness increased around the country.
To arrive at this answer, you can analyze the characteristics and impact of the Great Depression. Here's an explanation of each answer choice and why C is the most accurate:
a. This statement is incorrect because the Great Depression was not a slight economic downturn. It was a severe economic crisis that lasted from 1929 to the late 1930s, with a significant impact on various sectors of society, not just the very poor.
b. This statement is partially true. Farmers were indeed severely affected during the Great Depression due to falling agricultural prices and the ecological disaster of the Dust Bowl in the Great Plains. However, the economic downturn extended far beyond the agricultural sector and impacted businesses, individuals, and households across the country.
c. This statement is the most accurate summary of the Great Depression. It acknowledges the severe economic downturn, the widespread impact on businesses and farms, and the sufferings experienced by everyday Americans due to increased unemployment and homelessness.
d. This statement is incorrect because the Great Depression was not limited to those who invested in stocks using credit. The economic crisis had a much broader impact, affecting various sectors of the economy and causing unemployment and homelessness on a significant scale.
In conclusion, option C provides the most comprehensive and accurate summary of the Great Depression, capturing the breadth and depth of the economic downturn and its impact on different aspects of American society.