**Transcription for Educational Website**---**Question:**Which heading best completes the partial outline below?**Outline:**I. _______________A. Overproduction B. Underconsumption C. Buying on margin D. Unequal distribution of wealth **Possible Headings:**- Causes of the Industrial Revolution- Causes of World War I- Causes of the Great Depression- Causes of World War II---**Explanation of the Diagram:**The provided text is a multiple-choice question asking the reader to select the most fitting heading for a list of economic terms. These terms are associated with economic imbalances and financial practices that are commonly analyzed in historical economic contexts. The outline suggests a category or event related to these economic issues. The reader must choose the correct historical event from the provided options that relate to these economic conditions.

Industrial Revolution refers to the transition of the production method from manual labor to production through machines and engines powered by steam, fossil fuel, and electricity. The first industrial revolution began in Britain in the 17th century powered by coal and steam engines. In the first half of the 20th century, there were two global-level confrontations involving all major European powers and their colonial empires, the United States, and Canada. World War I lasted from 1914 to 1918 while World War II lasted from 1939 to 1945. Besides the stock market crash of October 1929 and the collapse of banks, the conditions that contributed to intensifying the Great Depression were: Overproduction: The economic boom of the 1920s caused manufacturers and planters to produce in surplus as the demands were high. However, as the recession set in, the surplus led to a severe fall in prices, intensifying the recession. Underconsumption: The recession led to the loss of jobs and dwindling profits and earnings as a result people began consuming less, leading to a further fall in demand. The fall in demand proved fateful for businesses and economic development. Buying on margin: To cash in on the economic bubble in the stock market, banks and financial institutions began offering easy loans to people so that they can invest in the market. However, when the bubble got finally burst, the banks and financial institutions could not recover the lent money and began to collapse one by one. Unequal distribution of wealth: The wealthy and super-rich controlled all means of production and the income of all others depended on them. As the recession set in, the poor lost all their income and savings. Since the majority had no income, they lost their purchasing power. This created a very unstable and dangerous economic situation as the demands fell drastically. If the majority had the purchasing power, they could have kept the economy afloat. The above-mentioned factors were the causes of the Great Depression. Therefore, option 3 is the correct choice. Option 1: Industrial Revolution was caused by the development of science and technology; mining and explorations; imperialism, the emergence of capitalistic economic systems, etc. The above-mentioned factors were not the cause of the Industrial Revolution. Hence, it is an incorrect choice. Option 2: World War I was the outcome of global competition among the European colonial powers for trade, colonies, and political supremacy; militarism; extreme nationalism; the assassination of the Austrian Archduke Franz Ferdinand by a Bosnian Serb. The above-mentioned factors were not causes of World War I. Hence, it is an incorrect choice. Option 4: World War II was the result of the humiliation and unfair treatment of Germany through the Treaty of Versailles; the Great Depression; the appeasement policy adopted by the United States and other European powers towards Germany in the 1930s; militarization and radicalization; growth of fascist forces in Italy, Germany, and Japan; the failure of the League of Nations. The above-mentioned factors were not causes of World War II. Hence, it is an incorrect choice.

Social Science

History

Which heading best completes the partial outline below? I. A. Overproduction B. Underconsumption C. Buying on margin D. Unequal distribution of wealth O Causes of the Industrial Revolution O Causes of World War I O Causes of the Great Depression O Causes of World War II

Which heading best completes the partial outline below? I. A. Overproduction B. Underconsumption C. Buying on margin D. Unequal distribution of wealth O Causes of the Industrial Revolution O Causes of World War I O Causes of the Great Depression O Causes of World War II