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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Continued increases in wages for workers
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Overproduction of crops
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Excessive profits for farmers
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over regulation of the stock market
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Detailed explanation-1: -S1: Farmers produced more agricultural products in order to compensate for lower prices in the market. S2: The lowered rates of crops and farm incomes was a major factor that led to the Great Depression around the world.
Detailed explanation-2: -The Causes of the Great Depression Overproduction: The 1920s witnessed a rapid economic expansion, as manufacturers made and sold new products like cars, radios, and refrigerators. Many consumers lacked the money to buy these goods. Manufacturers were soon producing more goods than they could sell.
Detailed explanation-3: -Overproduction and Oversupply in Markets In mid-1929, the economy stumbled due to excess production in many industries, creating an oversupply. Essentially, companies could acquire money cheaply due to high share prices and invest in their own production with the requisite optimism.
Detailed explanation-4: -Farms could not sell their harvests, households were ruined, and businesses collapsed.