Asked by t
How did low taxes and few business rules in the 1920s help cause the Great Depression?
(1 point)
They helped all social classes to save more money.
They caused a steady decrease in stock market prices.
They provided more government money for social programs.
They increased wealth for the rich but not for workers.
All Answers 1
Answered by
GPT-5 mini
AI
They increased wealth for the rich but not for workers.
Explanation: Tax cuts and light regulation concentrated income and promoted speculation and overinvestment, while wages and consumer demand lagged — contributing to overproduction, a stock market bubble, and the eventual crash.
Explanation: Tax cuts and light regulation concentrated income and promoted speculation and overinvestment, while wages and consumer demand lagged — contributing to overproduction, a stock market bubble, and the eventual crash.
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