Ask Question
13 April, 06:16

What situation contributed to the economic problems of the late 1920s?

+3
Answers (1)
  1. 13 April, 06:25
    0
    The 1920’s was marked by drastic events in the U. S economy. After a decade of very high economic growth and boom in manufacturing (the Roaring Twenties), the Wall Street stock market began to slide down on October 24, 1929, and by November stock prices lost as much as 40% of its value. The drop was caused by overproduction of agricultural produce. The resulting oversupply caused farmer’s incomes to drop. People also purchased stocks using borrowed money, which contributed further to the slide.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “What situation contributed to the economic problems of the late 1920s? ...” in 📘 History if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers