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Why was there an overproduction of consumer goods during the Great Depression?
People could afford to buy as many goods during the depression, and thus there was a much lower demand in relation to the supply of goods that was provided. This led to an overproduction of goods--too many were produced in relation to the amount that was demanded.
Overproduction and underconsumption factored into causing the great depression by?
Too many goods were being produced in factories (overproduction), and after the stock market crash and other factors, people stopped buying goods in an attempt to save money (underconsumption).
Why did crops slow down and goods slow down during the great depression?
WHY DID STUFF SLOW DOWN IN THE GREAT DEPRESSION? because there wasn't water then
What is a good analogy for the Great Depression?
The recession of 2008 and the Great Depression of the 1930s have similar beginnings. Financial meltdowns caused a reduction in consumer spending which lead to unemployment in great numbers.
Where when and why did the Great Depression begin?
In October of 1929 with the crash of the stock market.
What caused consumer prices to rise following the war?
High demand and a shortage of produced goods.
Why was there an overproduction of consumer goods during the Great Depression?
People could afford to buy as many goods during the depression, and thus there was a much lower demand in relation to the supply of goods that was provided. This led to an overproduction of goods--too many were produced in relation to the amount that was demanded.
What what not a characteristic of the Great Depression?
prices of goods increased
How did consumer installment buying affect the Great Depression?
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Overproduction and underconsumption factored into causing the great depression by?
Too many goods were being produced in factories (overproduction), and after the stock market crash and other factors, people stopped buying goods in an attempt to save money (underconsumption).
Why did crops slow down and goods slow down during the great depression?
WHY DID STUFF SLOW DOWN IN THE GREAT DEPRESSION? because there wasn't water then
What caused consumer prices to rise following war?
The war ended the Great Depression
Where when and why did the Great Depression begin?
In October of 1929 with the crash of the stock market.
What is a good analogy for the Great Depression?
The recession of 2008 and the Great Depression of the 1930s have similar beginnings. Financial meltdowns caused a reduction in consumer spending which lead to unemployment in great numbers.
How does the consumerism of the 1920s help usher in the great depression?
The consumerism of the 1920s, characterized by mass production and the widespread availability of credit, led to excessive spending and overextension of personal finances. Many Americans purchased goods on credit, creating a bubble of consumer debt that was unsustainable. When the stock market crashed in 1929, this debt burden became unmanageable, resulting in reduced consumer spending and a sharp decline in economic activity. The collapse in consumer confidence and spending contributed significantly to the onset of the Great Depression.
What was excess consumerism in the Great Depression?
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.
Did the over indulgence in the 1920s lead us into The Great Depression?
There were many aspects to the economy of the 1920s that led to one of the most crucial causes of the Great Depression - the stock market crash of 1929. In the early 1920s, consumer spending had reached an all-time high in the United States. American companies were mass-producing goods, and consumers were buying.
