Question

Which of the following were warning signs of impended economic depression that appeared during the Hoover administration?

A.)rampant government spending
B.)many farm bankruptcies
C.)too much credit spending
D.)underproduction of goods

Answer 1

The correct answers are
C.)too much credit spending
D.)underproduction of goods

People were taking many loans and weren't using them to produce and increase their profits but rather they used it to deal with stocks and the system ultimately failed.