Practice question · Put in order
Order the Depression cascade.
- Britain leaves gold, begins recovering (1931)
- US leaves gold, starts the New Deal (1933)
- Bank panics wipe out deposits (1930-1933)
- Wall Street crash (October 1929)
- Smoot-Hawley tariff and retaliation (1930)
Hints
- The market break came before the bank failures.
- Trade restrictions followed, and policy reversals came last.
Show the answer
- Wall Street crash (October 1929)
- Bank panics wipe out deposits (1930-1933)
- Smoot-Hawley tariff and retaliation (1930)
- Britain leaves gold, begins recovering (1931)
- US leaves gold, starts the New Deal (1933)
Why
Crash, bank failures, trade war, and finally the policy reversals that began recovery, each event a domino.
Practise The Great Depression
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