During the Great Depression, consumer spending was higher than ever in history.

Question 2 options:

True

False

False

Explanation:

Th great depression was a period that followed after the stock Market crash of 1929 during this time most of the Banks in America failed due to Bank runs, unemployment was very high as high as 25%, international trade collapsed and this lead to the reduction of the purchasing powers of the citizens because unemployment meant no wages and no wages meant lower purchasing power as well.

The citizens were also homeless due to the inability to afford paying for rents which had plummeted because of the increase in its demand. hence the spending wasn't higher than ever during the great depression.