The greatest craze inAmerica was
a)Trade b) Gambling c) Cinema d) Share market
Answers
The greatest craze in America was trade. It was during the great depression as it was the worst economic downturn in the history of the industrialized world, also in the American history lasting from 1929 to 1939. It began after the stock market crash of October 1929, which sent Wall Street into a panic and wiped out millions of investors.
Over the next several years, consumer spending and investment dropped, causing declination in industrial output and employment as failing companies laid off workers.
By 1933, when the Great Depression reached its lowest point, some 15 million Americans were unemployed and nearly half the country’s banks had failed.
Explanation:
When a craze of any kind really catches on in this republic, restraint does not characterize its reception. The great bicycle craze of the Gay Nineties offers a fairly good example. Listen to the editor of the New York Tribune in 1895: “The discovery and progressive improvement of the bicycle is of more importance to mankind than all the victories and defeats of Napoleon, with the First and Second Punic Wars … thrown in.” Hear also the official voice of the United States Census, at the end of the same decade: “Few articles ever used by man have ever created so great a revolution in social conditions.”