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The crash of the Wall Street Exchange was the advent of which of the following world events, in history?
Question

The crash of the Wall Street Exchange was the advent of which of the following world events, in history?

A.

Gulf War I

B.

American Civil War

C.

The Great Economic Depression

D.

The Oil Crisis

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.

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