--%>

Affects in Great Depression

State what affect the most in Great Depression?

E

Expert

Verified

In 1920s the boom in business made people overly confident therefore people invested their money in risky stocks and deals with it. In addition, banks provide careless loans and soon failed when people could not be able to repay them back. Third, businesses produced more goods than were wanted and they could not sell or make a profit. Lastly, human workers / jobs were becoming replaced by machines and people could not find work.

   Related Questions in Microeconomics

  • Q : Decreasing price of Complementary Goods

    The increase in demand for tartar sauce would be a probable result of: (1) A reduction in the price of fish. (2) An raise in the price of tartar sauce. (3) A bumper crop of the tartar sauce. (4) A raise in the price of fish. (v) The reduction in price

  • Q : Diminishing Marginal utility principle

    Can someone help me in finding out the right answer from the given options. The experience that your very first kiss with a latest crush was more thrilling and satisfying than your 10th kiss 35 minutes later is an illustration of the: (i) Familiarity principle. (ii) N

  • Q : Least possible cost for primary economy

    The least possible costs of alternative outcomes to the primary economic question of “what?” can be represented with the production possibilities curve through: (1) The slopes of movements all along the curve. (2) Shifting the curve up by

  • Q : Maximize output by monopolists

    Economists suppose that most monopolists wish for maximize: (i) accounting profit. (ii) the prices they charge. (iii) total revenue. (iv) economic profit. (v) output. I need a good answer on the topic of Ec

  • Q : Saving transaction costs by locations

    Economic rent by a parcel of land is positively associated to the: (w) savings in transaction costs yielded by its location. (x) amount of idle land adjacent to this. (y) time this has been held by the current landowner. (z) amount of natural flora an

  • Q : Perfect competition ‘In the real world

    ‘In the real world there is no industry which conforms precisely to the economist’s model of perfect competition. This means that the model is of little practical value

  • Q : Goods produced and sold in the US Who

    Who decides what goods services will be produced and were sold in the US?

  • Q : Minimum Wage Laws I have a problem in

    I have a problem in economics on Minimum Wage Laws. Please help me in the following question. Minimum wage legislation has been promotes as a technique to: (i) Make sure that workers are paid beneath the subsistence salaries. (ii)  Perpetuate poverty. (iii) Maxim

  • Q : Maximizes profit by producing at total

    When the wholesale price P = $4 per dozen roses, it purely competitive increased farm maximizes profit through producing ___ dozen roses at a total (profit /loss) of $___. (1) zero; loss; $2000. (2) 2000; loss; $1500. (3) 3000;profit;

  • Q : Cut price and earn negative profit A

    A huge firm may cut price and earn negative profit when a new firm enters the market so as to: (w) induce the new firm to exit. (x) build a reputation for cutting price so as to deter future entry. (y) gain market control. (z) All of the above. <