Question

Which best summarizes American economic issues at the end of the 1920s?
overproduction, too many credit purchases, stock speculation
a decrease in credit to consumers, overproduction, stock speculation
underproduction, too many credit purchases, stock speculation
underproduction, a decrease in credit to consumers, stock speculation

Answer 1

overproduction, too many credit purchases, stock speculation

Explanation: In the late 1920s the U.S. faced excess production (especially in agriculture and some manufacturing), widespread consumer credit/installment buying, and rampant stock-market speculation (including buying on margin), which together helped produce the 1929 crash and the Great Depression.