Which statement best summarizes the period known as the Great Depression?(1 point)
Responses
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.
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.
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.
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.
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.
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.
It was a period of severe economic downturn that affected businesses, farms, and everyday Americans, as unemployment and homelessness increased around the country.
It was a period of severe economic downturn that affected businesses, farms, and everyday Americans, as unemployment and homelessness increased around the country.
The statement that best summarizes the period known as the Great Depression is "It was a period of severe economic downturn that affected businesses, farms, and everyday Americans, as unemployment and homelessness increased around the country."
To arrive at this answer, you can eliminate the other options by understanding the key characteristics of the Great Depression. The Great Depression was a period of economic crisis that began with the stock market crash in 1929 and lasted throughout the 1930s. It was characterized by widespread unemployment, poverty, and severe economic contraction.
Option 1 can be eliminated because although farmers were affected, the Great Depression impacted not just farmers but also businesses and everyday Americans. Dust storms in the Great Plains were also a consequence of the economic crisis, not a cause.
Option 2 can be eliminated because the Great Depression was not a period of slight economic downturn affecting only the very poor. It had far-reaching consequences that affected people across different socio-economic backgrounds.
Option 3 can be eliminated because while the Great Depression did indeed impact people who invested in stocks using credit, it also affected many others, including businesses, farms, and everyday Americans who experienced unemployment and homelessness.
Option 4 is the best choice because it accurately captures the severity of the economic downturn and the broad impact it had on businesses, farms, and everyday Americans, leading to increased unemployment and homelessness.