Explain how overproduction of goods in the 1920s contributed to the Great Depression.

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History

Maxim Sutton

27 November, 03:26

Explain how overproduction of goods in the 1920s contributed to the Great Depression.

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Josie Whitehead · Answer 1

A main cause of the Great Depression was overproduction. Factories and farms were producing more goods than the people could afford to buy ... Prices for farm products also fell, as a result, farmers could not pay off bank loans and many lost their farms due to foreclosure.