Final answer:
The Stock Market Crash of 1929, installment plans for consumers, and the ending of WWI are the main factors that set America towards the Great Depression.
Step-by-step explanation:
The chain of events that eventually set America towards the Great Depression was triggered by the Stock Market Crash of 1929. This event, also known as Black Tuesday, led to a severe decline in stock prices, causing many investors to lose their fortunes.
Another factor that contributed to the Great Depression was the widespread use of installment plans for consumers. These plans allowed people to buy goods on credit, which created an illusion of prosperity. However, when the economy began to decline, many people could no longer afford to make their payments, leading to a collapse in consumer spending.
While the ending of WWI initially led to an economic boom in America, it also created imbalances in the economy. The demand for war-related goods decreased, leading to mass unemployment and the weakening of industries. These factors, combined with other economic issues, ultimately set the stage for the Great Depression.
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