In which year was the depression that served to eliminate many employer - financed servicesQuestion 1Answera.1960b.1914c.1930d.1920
Question
In which year was the depression that served to eliminate many employer-financed services?
- a. 1960
- b. 1914
- c. 1930
- d. 1920
Solution
The question pertains to historical events related to economic depressions and their impact on employer-financed services. In analyzing the provided options, the relevant depression that significantly affected various employer-financed services was the Great Depression, which began in 1929 and lasted through the 1930s. During this period, many businesses faced severe financial strain, leading to cuts in various employer-financed services, including pensions and health benefits.
Based on the options provided:
- a. 1960: This does not correspond to a significant depression.
- b. 1914: While there were economic issues during World War I, it is not characterized as a depression affecting employer-financed services significantly.
- c. 1930: While related to the Great Depression era, the year 1930 itself does not mark the commencement of the most impactful changes to employer services.
- d. 1920: Similarly, this year was not marked by the same economic distress that led to significant changes.
Final Answer
The correct answer is c. 1930, as it is closely associated with the onset of the Great Depression and its extensive impacts on employer-financed services.
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