THE GREAT DEPRESSION 1929 1940
THE GREAT DEPRESSION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following statements BEST explains the impact of Agricultural Overproduction?
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Overproduction of crops led to an economic boom because supply was high and demand was low.
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Many crops went to waste because they were not being purchased, which caused farmers to lose money and sharecroppers/tenant farmers to lose their jobs.
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Farmers lost their jobs
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Banks ran out of money
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Explanation:
Detailed explanation-1: -Overproducing food, while allowing for food security, also disrupt world markets as well as causes immense environmental damage to soil and water supplies.
Detailed explanation-2: -Climate is by far the greatest deciding factor.
Detailed explanation-3: -Overproduction of crops occurred in part due to the westward expansion of homestead farms and in part because industrialization led to new farm tools that dramatically increased crop yields.
Detailed explanation-4: -Farms could not sell their harvests, households were ruined, and businesses collapsed.
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