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What was a major cause for the recession of 1929 turning into the Great Depression? Overproduction High Interest Rates Low Tariffs Rising demand for products

What was a major cause for the recession of 1929 turning into the Great Depression? Overproduction High Interest Rates Low Tariffs Rising demand for products
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5 votes
What was a major cause for the recession of 1929 turning into the Great Depression?

Overproduction

High Interest Rates

Low Tariffs

Rising demand for products

User Gutompf
by
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1 Answer

4 votes
Overproduction, executive inaction, ill-timed tariffs, and an inexperienced Federal Reserve all contributed to the Great Depression.
User Tinazmu
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