Which of the following 20th century events is associated with high unemployment and falling prices? Naim 11:29 Economic History Which of the following 20th century events is associated with high unemployment and falling prices? 1. World War I. 2. The Great Depression. 3. The 1970s oil price shock. 4. The Vietnam War. Answer: 2. The Great Depression Learn More : Share this Share on FacebookTweet on TwitterPlus on Google+