Question

Which of the following was the major cause of the Depression of 1929?

• A. Too few dollars in circulation
• B. Overproduction and over consumption of goods, creating a shortage of goods
• C. Overproduction and under consumption of goods, causing the prices of goods to decrease
• D. An increase in the number of exports
• E. Low tariffs

Answer 1

The correct option is C Overproduction and under consumption of goods, causing the prices of goods to decrease

Overproduction and under consumption of goods, causing the prices of goods to decrease