Correct option is C
The correct answer is (c) The Great Economic Depression.
Explanation:
● The "Wall Street Crash" occurred in October 1929 in the USA.
● It led to a massive collapse of stock prices, triggering a decade-long global economic crisis known as the Great Depression.
● It remains the most severe economic downturn in the history of the industrialized Western world.
Information Booster:
● The crash is often referred to as Black Tuesday.
● It led to mass unemployment, poverty, and deflation globally.
● It ended only after the start of World War II, which stimulated industrial production.
Additional Knowledge:
● Gulf War I – A conflict in 1990-91 triggered by Iraq's invasion of Kuwait.
● American Civil War – Fought from 1861–1865 over the issues of slavery and states' rights.
● Oil Crisis – Refers primarily to the 1973 crisis when OPEC proclaimed an oil embargo.