What was a cause of the economic depressions in the late 1800s apex?

History

2 answers:

Ymorist [56]3 years ago

8 0

There were more goods than wants for them

zhenek [66]3 years ago

8 0

The correct answer <em>is many goods on the market but such a few money to buy them. </em>

An economic depression is when the economy of a nation down-turns for a prolonged period of time, instead of keep growing, The consequences of this are worst than a recession.

For instance, let’s take the case of the American depression in 1929. Historians say that the causes of this major depression were the speculation of railroads companies, drops in cotton prices, and the crash in the stock market.

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