Question

Choose only the CORRECT statements that describe the causes of the Great Depression.

"Hoovervilles "refer to the government centers set up to help the homeless.The novel "Grapes of Wrath" describe a family migrating to California due to the Dust Bowl.Prices on crops such as wheat and corn began to increase as a result of the end of World War I.Overproduction was a leading cause of World War I because of increased technologies and decreased demand for goods after World War I.Overgrazing and drought led to the loss of topsoil that resulted in the Dust bowl."Okies" were the nickname given to families who left the Dust bowl and migrated further West for new opportunities.Bank runs were caused by people panicking to withdraw their money, which led to thousands of banks failing."Buying on the margin" was considered a risk free way of playing the stock market since the broker guaranteed your investment.

Answer 1

This is the answer:

Overproduction was a leading cause of the Great Depression because of increased technologies and decreased demand for goods after World War I.

Bank runs were caused by people panicking to withdraw their money, which led to thousands of banks failing.

"Buying on the margin" was considered a risk free way of playing the stock market since the broker guaranteed your investment.

Step-by-step explanation:

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Answer 2

The following statements are all causes of the Great Depression in America:

1) Overgrazing and drought lead to the loss of topsoil that resulted in the Dust Bowl. This environmental disaster ruined the lives/farms of thousands of American citizens in states like Oklahoma.

2) Bank runs were caused by people panicking to withdraw their money, which led to thousands of banks failing. These bank failures resulted in hundreds of thousands of Americans losing their life savings since their accounts were not insured by any agency.

3) "Buying on margin" was considered a risk free way of playing the stock market since the broker guaranteed your investment. This was completely false and when the Stock Market Crash of 1929 hit, this resulted in millions of dollars lost by American citizens. Some of these citizens invested their life savings in the stock market, only to lose it all in a matter of a few days.