Question

Which group of people faced hard economic times even before the Great Depression began - mostly due to overproduction?

Answer 1

The group of people that faced hard economic times even before the Great Depression began - mostly due to overproduction were farmers. Farmers faced hard economic times even before the Great Depression began - mostly due to overproduction.What is overproduction?Overproduction refers to a situation where more products are produced than can be sold or consumed. When a company or industry produces too much, it can lead to a decrease in demand, which often leads to a drop in prices. The overproduction of crops in the 1920s was one of the main reasons farmers faced hard economic times even before the Great Depression began. The overproduction of crops led to a surplus of goods, causing prices to drop, and farmers could no longer make a profit.The economic problems faced by farmers during this time were exacerbated by the Dust Bowl, a severe drought that affected the Great Plains region of the United States in the 1930s. The combination of overproduction and the Dust Bowl led to many farmers losing their farms and homes.

Answer 2

While no group escaped the economic devastation of the Great Depression, few suffered more than African Americans. Said to be “last hired, first fired,” African Americans were the first to see hours and jobs cut, and they experienced the highest unemployment rate during the 1930.

Step-by-step explanation:

The poor were hit the hardest. By 1932, Harlem had an unemployment rate of 50 percent and property owned or managed by blacks fell from 30 percent to 5 percent in 1935. Farmers in the Midwest were doubly hit by economic downturns and the Dust Bowl.