Question
Which THREE factors contributed to the Great Depression?(3 points) Responses The stock market lost eighty percent of its value over the course of a few years. The stock market lost eighty percent of its value over the course of a few years. Wars overseas and the draft caused labor shortages and industrial shortfalls. Wars overseas and the draft caused labor shortages and industrial shortfalls. People borrowed more money from banks than they were able to repay. People borrowed more money from banks than they were able to repay. Consumers demanded more goods than factories were able to produce. Consumers demanded more goods than factories were able to produce. Farmers produced more crops than people were able to buy. Farmers produced more crops than people were able to buy.
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The three 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.** - This dramatic decline in stock prices severely impacted investors and eroded consumer confidence.
2. **People borrowed more money from banks than they were able to repay.** - Excessive borrowing led to high levels of debt, and as businesses failed and incomes dropped, many individuals and companies could not meet their financial obligations.
3. **Farmers produced more crops than people were able to buy.** - Overproduction in agriculture led to falling prices and income for farmers, contributing to economic instability and financial distress in rural areas.
These factors combined to create an economic environment that spiraled into the Great Depression.
1. **The stock market lost eighty percent of its value over the course of a few years.** - This dramatic decline in stock prices severely impacted investors and eroded consumer confidence.
2. **People borrowed more money from banks than they were able to repay.** - Excessive borrowing led to high levels of debt, and as businesses failed and incomes dropped, many individuals and companies could not meet their financial obligations.
3. **Farmers produced more crops than people were able to buy.** - Overproduction in agriculture led to falling prices and income for farmers, contributing to economic instability and financial distress in rural areas.
These factors combined to create an economic environment that spiraled into the Great Depression.