Question:easy

The Great Economic Depression first occurred in which country?

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Remember the sequence: Wall Street Crash (1929) \(\rightarrow\) USA Economic Collapse \(\rightarrow\) Global Great Depression. Whenever a question asks where the Great Depression originated, the answer is always the United States of America.
Updated On: Jun 5, 2026
  • Germany
  • USA
  • China
  • India
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The Correct Option is B

Solution and Explanation

Step 1: Understand the event.
The Great Depression was the worst economic crisis of the twentieth century. We need the country where it began.

Step 2: The setting.
During the 1920s the United States enjoyed a boom called the Roaring Twenties. But too much stock market speculation created a bubble.

Step 3: The crash.
The bubble burst in the Wall Street Crash of October 1929. Banks failed, businesses closed and unemployment shot up.

Step 4: Going global.
Since the USA was a top economy and lender, the crisis spread worldwide. Germany, India and China were hit only after this.

Step 5: Conclude.
The Depression first occurred in the USA.

Answer: USA
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