Question

Which fact is the BEST piece of supporting evidence that overproduction and falling prices was a cause of the Great Depression?

Answer 1

Answer:

In 1920 a bushel of wheat sold for $2.94, in 1929 it sold for $1.00 and by 1932 a bushel sold for .30 cents.

Explanation:

The fact that is the BEST piece of supporting evidence that overproduction and falling prices was a cause of the Great Depression is that in 1920 a bushel of wheat sold for $2.94, in 1929 it sold for $1.00 and by 1932 a bushel sold for .30 cents. Farmers produced more as a result of WWI but as demand went down, they continued to overproduce which led to falling prices.

Answer 2

A) In 1930 over 1,350 banks closed and customers lost all their savings.

B) The unemployment rate in 1929 was 3.2% and by 1933 there was a 25% unemployment rate.

C) In 1920 a bushel of wheat sold for $2.94, in 1929 it sold for $1.00 and by 1932 a bushel sold for .30 cents.

D) The stock market's low average dropped over 23% over a two day period in October of 1929 and lost 90% of it's value by 1932.