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eimsori [14]
3 years ago
9

What are some of the American causes of the Great Depression? Select all that apply.

History
1 answer:
Lunna [17]3 years ago
3 0

Answer:

Banks stopped loaning money, Too many people were buying credit

Explanation:

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A market revolution was revolutionizing American industry and worldwide trade in the 1820s and 1830s. Independent craftspeople were progressively supplanted by factories and mass manufacturing.

Farms flourished and produced items for distant markets rather than local consumers, exporting them via cheap transportation such as the Erie Canal.

The market revolution spurred tremendous economic expansion and increased personal riches, but it also created a rising lower class of property-less laborers and a series of severe depressions known as "panics," trapping many Americans in never-ending cycles of poverty.

<h3>Who benefited the most from the market revolution?</h3>

Most American farmers' living circumstances improved as a result of the market revolution. For example, a mattress that cost $50 in 1815 (when nearly no one possessed one) cost $5 in 1848. (and everyone slept better).

 

Learn more about Market Revolution in America:

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