during the economic slump in Europe in the 1830s about ____ of the urban population was unemployed
(a) 10% (b) 20% to 30% (c) 35% to 75% (d) 25%
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Answer:
C. 35%to 75%
Explanation:
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During the economic slump in Europe in the 1830s about 35% to 75% of the urban population was unemployed.
Option : ( c)
Explanation:
- There were plenty of goods in the market but few takers as the main reason was there was hardly any money to purchase.
- Experts were of the view that the main reason for this great depression, were drop of cotton prices, speculation of railroad companies or the decline of the stock market.
- The main cause of such a depression arising in the first place was the poor decision of Andrew Jackson along with a few of his banks.
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