Why was Oklahoma’s economy so devastated by the Great Depression?

Question

A.
because the federal government imposed higher tariffs on Oklahoma goods
B.
because the agricultural and oil industries were the hardest hit by overproduction
C.
because bank seizures damaged the state’s income distribution system
D.
because state legislators refused to accept federal aid


Please select the best answer from the choices provided

A
B
C
D

Answer 1

The best answer is B. because the agricultural and oil industries were the hardest hit by overproduction.

Oklahoma's economy, which was heavily reliant on agriculture and oil, was significantly affected by the Great Depression due to the overproduction of crops and the subsequent drop in prices, coupled with the collapse of the oil market. This combination severely impacted the state's economic stability.