Question

!WILL GIVE BRAINLIEST! How had the following areas of American economy shown a weakness before the Depression? Agriculture, foreign trade, and credit

Answer 1

Agriculture:

farmers worked hard to produce crops and livestock so when prices fell they tried to produce even moree to pay their debts and taxes and living expenses. And so in the early 1930s when the prices dropped so low many farmers went bankrupt and lost their farms.

Foreign Trade:

there was a huge decline in stock markets which affected consumption and production in various countries therefore this slowed interantional trade.

Credit:

a ton of Americans used credit to buy things they needed e.g. cars, radios. (even the banks used credit to buy stocks) so this meant everyone used credit- but nobody really had enough money to pay back all their loans, not even the bakns. Which left the banks with long-term loans which couldn't even get paid.

HOPE this helped you -have a good day bro cya)