The causes of the Great Depression include:
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Underconsumption: This refers to a situation where consumers do not purchase enough goods and services to sustain economic growth, which was a factor during the Great Depression.
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Stock Market speculation: Excessive speculation in the stock market in the 1920s contributed to the economic instability that led to the Great Depression, culminating in the stock market crash of 1929.
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Overfarming: While not a primary cause of the Great Depression itself, overfarming contributed to the Dust Bowl, which exacerbated economic difficulties in the agricultural sector and affected many farmers.
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Overproduction: This was a significant cause, as industries produced more goods than could be consumed, leading to falling prices and layoffs.
So, the correct answers are:
- Underconsumption
- Stock Market speculation
- Overfarming
- Overproduction