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