Questions: Multiple Select Question Select all that apply What were some effects of the Long Depression? Tensions between employers and unemployed workers escalated. Large-scale corporations bought out failing enterprises. Many European immigrants chose to return to their homelands. Congress authorized unemployment compensation for tens of thousands of workers.

Multiple Select Question Select all that apply What were some effects of the Long Depression? Tensions between employers and unemployed workers escalated. Large-scale corporations bought out failing enterprises. Many European immigrants chose to return to their homelands. Congress authorized unemployment compensation for tens of thousands of workers.
Transcript text: Multiple Select Question Select all that apply What were some effects of the Long Depression? Tensions between employers and unemployed workers escalated. Large-scale corporations bought out failing enterprises. Many European immigrants chose to return to their homelands. Congress authorized unemployment compensation for tens of thousands of workers.
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Solution

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The correct answers are:

  • Tensions between employers and unemployed workers escalated.
  • Large-scale corporations bought out failing enterprises.
  • Many European immigrants chose to return to their homelands.

Explanation for each option:

  1. Tensions between employers and unemployed workers escalated:

    • Correct. The Long Depression, which began in 1873 and lasted until the late 1890s, led to widespread economic hardship. High unemployment rates and wage cuts caused significant tension between employers and workers, often resulting in strikes and labor unrest.

  2. Large-scale corporations bought out failing enterprises:

    • Correct. During the Long Depression, many small businesses and enterprises struggled to survive. This economic environment allowed larger corporations to buy out failing businesses, leading to increased consolidation and the growth of monopolies in various industries.

  3. Many European immigrants chose to return to their homelands:

    • Correct. The economic difficulties of the Long Depression made it challenging for many immigrants to find work and support themselves in their new countries. As a result, some chose to return to Europe, where they hoped to find better opportunities or reunite with family.

  4. Congress authorized unemployment compensation for tens of thousands of workers:

    • Incorrect. During the Long Depression, there was no federal unemployment compensation system in place in the United States. Unemployment insurance and compensation programs were not established until the Social Security Act of 1935, which came much later during the Great Depression.

By understanding these effects, we can better grasp the social and economic impacts of the Long Depression on both individuals and businesses.

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