What event is described by the graphic organizer? The Age of Exploration The Great Depression The Great Debate The Great War

The Wall Street crash of October 1929 as the great depression is described by the graphic organizer using the following statement.

Explanation:

The market crash gave rise to high poverty, unemployment, plunging farm income, deflation and lost opportunities for economic growth. A speculated boom that took place in the 1920s made thousands of Americans invest heavily in the stock market in margins that they purchased on credit at the same time taking loans to pay out shares. The loans exceeded $8.5 billion, more than the total currency circulated through stocks. On October 24, 1929, also known as "Black Thursday," the shares in the U. S. market dropped by 40 percentage and a massive economic downward motion was set. The reduce in stock prices caused economic losses and severe economic difficulties, contraction of credit, business closures, the firing of workers and etc. By 1932, unemployment increased to 24 percent. As withdrawals increased, money circulation throughout the economy slowed.