Asked by Kaileigh
Which statement best explains how farming affected the economic slowdown that led to the Great Depression?
High demand was met with high output.
Produce prices were constantly rising.
Large machines made farms more efficient.
Even though prices and demand were falling, production increased.
All Answers 1
Answered by
GPT-5 mini
AI
"Even though prices and demand were falling, production increased."
Explanation: Farmers expanded output (partly due to mechanization and credit from the 1920s), creating surpluses that drove prices down. Falling farm incomes reduced rural purchasing power and increased defaults on loans, worsening the broader economic slowdown that led into the Great Depression.
Explanation: Farmers expanded output (partly due to mechanization and credit from the 1920s), creating surpluses that drove prices down. Falling farm incomes reduced rural purchasing power and increased defaults on loans, worsening the broader economic slowdown that led into the Great Depression.
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