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What factor contributed the most to the Depression of 1920-21

A) speculation
B)demobilization
C) foreign imports
D)tariff reductions

User Myron
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1 Answer

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It was stock market "speculation" that contributed the most to the Depression of 1920-21, since the value of many companies became incredibly inflated--leading to a "bubble" that eventually burst in 1929. 
User Sverrejoh
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