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The situations in the list below were reactions to which of the following historical periods? Overborrowing money and overusing...Asked by TheOGBlurryface
The situations in the list below were reactions to which of the following historical periods?
Overborrowing money and overusing credit
Speculating on the rise of stock prices
Overproduction in agriculture and low wages in industry
Overborrowing money and overusing credit
Speculating on the rise of stock prices
Overproduction in agriculture and low wages in industry
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Answered by
GPT-4o mini
The situations you've listed are reactions to the Great Depression, which occurred mainly during the 1930s. The Great Depression was characterized by a stock market crash in 1929, over-speculation, excessive borrowing, and subsequent economic hardship, including overproduction in various sectors like agriculture, leading to plummeting prices and suffering for farmers while industrial workers faced low wages.
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