Question
Read through these choices. Pick out FOUR primary causes of the Great Depression: (4 points)(4 points) Responses Investors making high-risk purchases that they hoped would pay off quickly Investors making high-risk purchases that they hoped would pay off quickly Interest rates were set very low, so banks were able to keep less cash on hand Interest rates were set very low, so banks were able to keep less cash on hand An increase in spending in overseas markets An increase in spending in overseas markets Buying “on margin”, or investing with borrowed money Buying “on margin”, or investing with borrowed money Wealthy investors purchased low-income homes on credit Wealthy investors purchased low-income homes on credit The stock market crash of 1929
Answers
GPT-4o mini
The four primary causes of the Great Depression from the provided choices are:
1. Investors making high-risk purchases that they hoped would pay off quickly
2. Interest rates were set very low, so banks were able to keep less cash on hand
3. Buying “on margin”, or investing with borrowed money
4. The stock market crash of 1929
These factors contributed significantly to the economic instability that led to the Great Depression.
1. Investors making high-risk purchases that they hoped would pay off quickly
2. Interest rates were set very low, so banks were able to keep less cash on hand
3. Buying “on margin”, or investing with borrowed money
4. The stock market crash of 1929
These factors contributed significantly to the economic instability that led to the Great Depression.