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During the Great Depression, there was overproduction of goods from the factories. Due to the Stock Market crashing, people began to cut back on what they were buying to save their money. Soon after this, the factories starting exporting less. However, there was still too much product out for the people to consume, so there was an underconsumption of goods, and the factories started losing money because no one would buy the products.
Wiki User
∙ 9y ago
Wiki User
∙ 11y agoThere was less consumer spending because everyone lost the money they had to spend with to buy goods.
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Which of these did not rise during the Great Depression?
consumerism
When Great Economic Depression started?
There was no 2nd Great Depression. Many thought the Great Recession would be a great depression but that was not the case. In reality, the economy was not even close to another great depression. The great depression included such things as wage fixing and pricing fixing by the government, excess public debt from WW1, Smoot-Hawley act, etc. The Great Recession was just a financial breakdown, which is bad, but not a GD.
How are Isolationism and the Great Depression related?
Isolationism is a CONSEQUENCE of the great depression. After the Great depression many Nations focused on internal affairs.
How did the Great Depression affect Belize?
how did the great depression affected Belize
How should you end your Great Depression story?
How about "And that was my story on the great depression."
Which of these did not rise during the Great Depression?
consumerism
The main cause of the US's Great Depression?
The most popular belief of the cause of the Great Depression is the stock market crash of 1929. Economist still debate about the other causes. Excess speculation in the stock markets added to the causes of the depression.
What were the boom years of the 1920s characterized by?
The crash, boom and bust, with lots of excess and spending were the boom years. All of these led to the Great Depression in 1929.
When Great Economic Depression started?
There was no 2nd Great Depression. Many thought the Great Recession would be a great depression but that was not the case. In reality, the economy was not even close to another great depression. The great depression included such things as wage fixing and pricing fixing by the government, excess public debt from WW1, Smoot-Hawley act, etc. The Great Recession was just a financial breakdown, which is bad, but not a GD.
Where did the Great Depression?
Where did the great depression.... WHAT???-The BOLD explainer ;)
What came first Great Depression or world war you?
WWI was a major cause of the Great Depression.
WHAT IS AN ECONOMIC DEPRESSION?
The Great Depression
How are Isolationism and the Great Depression related?
Isolationism is a CONSEQUENCE of the great depression. After the Great depression many Nations focused on internal affairs.
Does the Bible talk about the great depression?
No. There is no mention of the great depression in the Bible.
How does hooverville relate to the Great Depression?
It happenes during the Great Depression.
How did the Great Depression affect Belize?
how did the great depression affected Belize
How should you end your Great Depression story?
How about "And that was my story on the great depression."
