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Why were industrial and agricultural surpluses a problem for the US economy of great depression?

During the Great Depression, industrial and agricultural surpluses contributed to economic problems by leading to falling prices and decreased profitability for producers. Overproduction meant that supply exceeded demand, causing inventory gluts and forcing businesses to cut wages or lay off workers. This cycle of reduced income and consumption further deepened the economic crisis, as consumers had less money to spend, leading to a prolonged downturn. Ultimately, the surpluses highlighted structural issues in the economy, exacerbating the challenges of recovery.


What are the centers of power in mesopotamia?

independent city state couldn't reach political accommodation among themselves.


What problem did the wheel solve in Mesopotamia?

The wheel solved several significant problems in Mesopotamia by facilitating transportation and trade. It enabled the movement of goods and people over greater distances, improving efficiency in agriculture and commerce. The invention of the wheel also contributed to advancements in technology, including the development of vehicles and pottery, which further enhanced daily life and economic activities in the region. Overall, the wheel played a crucial role in the growth and connectivity of Mesopotamian societies.


Askia Toure's cultural achievements?

Introduced laws based on the holy book of Islam


What was a caravan in Mesopotamia?

In Mesopotamia, a caravan was a group of travelers, often merchants, who journeyed together across land, typically along trade routes. These caravans facilitated the exchange of goods such as textiles, spices, and precious metals, enhancing trade between cities and regions. They provided safety and support in the often perilous travel conditions of the time, allowing for the transport of larger quantities of goods. Caravans played a crucial role in the economic and cultural interactions of ancient Mesopotamia.

Related Questions

What was the earliest form of economic activity?

the oldest form of economic activity is the how recover the scarce and your capital


Budget surpluses are most appropriate during?

Budget surpluses are most appropriate during times of economic prosperity when government revenues exceed expenditures. They can be used to reduce debt, save for future economic downturns, or invest in infrastructure or other long-term projects.


What types of economic activity existed in mesopotamia?

nothing :P


What has the author Philippe Belley written?

Philippe Belley has written: 'The changing role of family income and ability in determining educational achievement' -- subject(s): Academic achievement, College attendance, Econometric models, Economic aspects, Economic aspects of Academic achievement, Economic aspects of College attendance


What is the role of Information Communication Technology in Indian Economic Growth?

AnswerRole of information communication technology in Indian economic growth?AnswerRole of information communication technology in Indian economic growth?


What has the author Nagy Hanna written?

Nagy Hanna has written: 'Enabling enterprise transformation' -- subject(s): Business enterprises, Government policy, Economic conditions, Computer networks, Economic development, Information technology 'The information technology revolution and economic development' -- subject(s): Economic aspects, Economic aspects of Information technology, Economic development, Information services industry, Information technology 'The East Asian miracle and information technology' -- subject(s): Economic aspects, Economic aspects of Information technology, Government policy, Information services industry, Information technology, Management, Technological innovations 'Seeking transformation through information technology' -- subject(s): Economic aspects, Government policy, Information technology 'E-transformation' -- subject(s): Economic development, Information technology 'Information technology in World Bank lending' -- subject(s): Bank loans, Data processing, Foreign Loans, Loans, Foreign, World Bank


What are the list of economic achievements of president Corazon Aquino?

achievement of cory aquino


What were the four elements that made cities the center of civilization in Mesopotamia?

The four elements that made cities the center of civilization in Mesopotamia were political, religious, cultural, & economic.


What economic change was spurred by technology?

No


What economic change was spurred technology?

No


What were the major effects of Iron Age technology in Mesopotamia?

Iron Age technology in Mesopotamia led to advancements in agriculture, warfare, and trade. The development of iron tools and weapons improved agricultural productivity and military capabilities. This technological progress also facilitated the growth of trade networks, leading to increased cultural exchange and economic prosperity in the region.


What has the author Slobodan Kotlica written?

Slobodan Kotlica has written: 'Information technology challenges to Yugoslav economy' -- subject(s): Economic aspects, Economic aspects of Information technology, Economic aspects of Technological innovations, Information technology, Technological innovations