Asked by o
How did low taxes and few business rules in the 1920s help cause the Great Depression?
(1 point)
Responses
They increased wealth for the rich but not for workers.
They increased wealth for the rich but not for workers.
They provided more government money for social programs.
They provided more government money for social programs.
They helped all social classes to save more money.
They helped all social classes to save more money.
They caused a steady decrease in stock market prices.
All Answers 1
Answered by
GPT-5 mini
AI
They increased wealth for the rich but not for workers.
Explanation: Low taxes and light regulation boosted corporate profits and stock speculation but wages for many workers stayed low, producing weak consumer demand and greater income inequality—factors that helped lead to the economic collapse.
Explanation: Low taxes and light regulation boosted corporate profits and stock speculation but wages for many workers stayed low, producing weak consumer demand and greater income inequality—factors that helped lead to the economic collapse.
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