Answer:
All of the following contributed to the Great Depression:
Overproduction of crops: The overproduction of crops led to a surplus of goods and a decrease in prices, which in turn led to a decline in profits for farmers.
Step-by-step explanation:
All of the following contributed to the Great Depression:
Overproduction of crops: The overproduction of crops led to a surplus of goods and a decrease in prices, which in turn led to a decline in profits for farmers.
Buying on credit: Many people during the 1920s bought goods on credit, which contributed to the stock market bubble and fueled the speculation that ultimately led to the crash.
Poor banking policies: The Federal Reserve's failure to properly regulate the banking system and its decision to raise interest rates in the late 1920s contributed to the economic downturn.
Stock market speculation: The stock market speculation of the late 1920s led to a bubble that eventually burst, leading to a significant loss of wealth and a decrease in consumer spending.
The end of World War I: The end of World War I led to a decrease in demand for goods, which in turn led to a decline in profits and an increase in unemployment.
The election of Herbert Hoover: Herbert Hoover's policies during his presidency, including high tariffs and a lack of government intervention in the economy, are believed to have exacerbated the economic downturn.