Question

Q: Please choose which of the following causes of the Great Depression is correctly described below.

Answer 1

The correct answer is C.) Lack of diversification in industry, growth was experienced in only a few industries while others suffered.

Explanation:

Option A.) is factually incorrect - there was actually a mass overproduction in the agricultural economy, not “too few farm products.” Farmers actually produced more food than consumers wanted.

Option B.) - Yes, there was indisputably an uneven distribution of wealth; however, it was not in the favor of the farmers. In fact, many farmers were left in sever debt following the agriculture economic crisis.

Option D.) - While there were probably technological advances to a certain degree, it would be incorrect to say there were “too many jobs.” Unemployment rates in the U.S. during the Great Depression reached nearly 25% at its highest (which may not sound drastic, but it absolutely is.) This was one of the highest unemployment rates in history, and it affected most of the industrialized world in the West.