Why were industrial and agricultural surpluses a problem for the US economy?A)The United States did not have an efficient method

Question

3 years ago

5

Why were industrial and agricultural surpluses a problem for the US economy?A)The United States did not have an efficient method

of distributing goods to consumers.
B)Consumers were more likely to buy products made by foreign competitors.

C)The average American had limited funds to purchase these items.

D)The increase in production resulted in lower wages for workers.

History

2 answers:

enyata [817] · Answer 1 · 2022-09-06T17:14:33+03:00

enyata [817]3 years ago

5 0

I think the answer is either A or C but I really think it's C

dybincka [34] · Answer 2 · 2022-09-06T19:36:31+03:00

The correct answer is C) The average American had limited funds to purchase the items.

Industrial and agriculture surpluses were a problem for the US economy in that the average American had limited funds to purchase the items.

Fabrics and business started to produce more things that people could buy. That created an extent of production that couldn't be sold in the market. It really affected the United States economy because industries lost a lot of money. The scenario of the Great Depression was bleak. After the US stock market crash of October 1929, people lost their jobs, companies closed, and banks went into bankruptcy.