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Airida [17]
3 years ago
15

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

History
2 answers:
AnnyKZ [126]3 years ago
8 0

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.

LekaFEV [45]3 years ago
6 0
<span>While all facts are relevant, it is clear under Galbraithinam economics that the price of wheat is a clear indicator of overproduction causing a drop in price. Soon after 1930, the great drought of 1932 put a finish to American farms ability to be profitable. The inability for many Americans to pay to feed their families exacerbated the farming crisis, creating a swirling spiral of declining return.</span>
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