Question
Which THREE factors contributed to the Great Depression?(3 points)
The stock market lost eighty percent of its value over the course of a few years.
Farmers produced more crops than people were able to buy.
Wars overseas and the draft caused labor shortages and industrial shortfalls.
People borrowed more money from banks than they were able to repay.
Consumers demanded
The stock market lost eighty percent of its value over the course of a few years.
Farmers produced more crops than people were able to buy.
Wars overseas and the draft caused labor shortages and industrial shortfalls.
People borrowed more money from banks than they were able to repay.
Consumers demanded
Answers
Answered by
GPT-4o mini
Three key factors that contributed to the Great Depression are:
1. **The stock market lost eighty percent of its value over the course of a few years.** - The stock market crash of 1929 wiped out financial investments and led to a loss of consumer and business confidence.
2. **Farmers produced more crops than people were able to buy.** - Overproduction in the agricultural sector led to falling prices, resulting in significant financial distress for farmers and contributing to rural economic decline.
3. **People borrowed more money from banks than they were able to repay.** - The widespread use of credit and loans led to significant debt levels, and when the economy faltered, many borrowers defaulted, causing banks to fail.
These factors, among others, created a cascading effect that led to widespread economic hardship during the Great Depression.
1. **The stock market lost eighty percent of its value over the course of a few years.** - The stock market crash of 1929 wiped out financial investments and led to a loss of consumer and business confidence.
2. **Farmers produced more crops than people were able to buy.** - Overproduction in the agricultural sector led to falling prices, resulting in significant financial distress for farmers and contributing to rural economic decline.
3. **People borrowed more money from banks than they were able to repay.** - The widespread use of credit and loans led to significant debt levels, and when the economy faltered, many borrowers defaulted, causing banks to fail.
These factors, among others, created a cascading effect that led to widespread economic hardship during the Great Depression.
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