History · Rise of Indian Nationalism
UGC NET December 2015 History
'The largest earthquake ever to be measured on the economic historians' Richter Scale' refers to:
AThe Open Door
BThe New Deal
CThe Great Depression ✓ Correct
DNone of the above
Correct answer: (C) The Great Depression — The phrase refers to the Great Depression, so the answer is the Great Depression.
Explanation
★The phrase refers to the Great Depression, so the answer is the Great Depression.
★The Great Depression was the deepest worldwide economic slump.
★It began in the United States after the stock market crash of 1929.
★Between 1929 and 1932 world output fell sharply.
★Keynesians explained it as a result of insufficient demand.
★So this great economic disaster is the meaning of the phrase.
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