Question
Analyze why cotton and oil prices dropped in Texas at the beginning of the Great Depression.(1 point)
Farmers and refinery owners had to fire Black and Mexican American workers
to provide jobs for White laborers.
Farmers and refinery owners often went against government orders to
produce high surpluses to make up for profit losses.
Farmers and refinery owners received no federal relief funding during the
Hoover administration.
Farmers and refinery owners were allowed by state and federal governments
to produce large amounts of these natural resources to make up for profit
losses
Farmers and refinery owners had to fire Black and Mexican American workers
to provide jobs for White laborers.
Farmers and refinery owners often went against government orders to
produce high surpluses to make up for profit losses.
Farmers and refinery owners received no federal relief funding during the
Hoover administration.
Farmers and refinery owners were allowed by state and federal governments
to produce large amounts of these natural resources to make up for profit
losses
Answers
Answered by
GPT 3.5
The most likely reason why cotton and oil prices dropped in Texas at the beginning of the Great Depression is that farmers and refinery owners often went against government orders to produce high surpluses to make up for profit losses. This means that there was an oversupply of cotton and oil in the market, which led to a decrease in prices. Additionally, farmers and refinery owners received no federal relief funding during the Hoover administration, which further exacerbated their profit losses.