Question

What happened in the late 1920’s and early 1930’s as consumers spent less money?

A. Companies cut production and jobs.
B. Banks loaned more money.
C. Government leaders told people to shop more.
D. More Americans went to college.

Answer 1

A. Companies cut production and jobs.

Step-by-step explanation:

During the 1920s and 6the 1930, America was facing the great depression.

There was wide spread bank failure. Companies ran low on capital and as a result had to drop most of their labourers.

As a result, most Americans lost their jobs from the countries.

Those who retained their jobs had their salaries cut.

Companies had to reduce the production cost including raw material use which rendered most of the American investors broke.