Question

question 2 of 10
what caused the economic depressions in the late 1800s?
a. crop failures year after year meant the food supply was low.
b. there were more goods available than there was demand for them.
c. there was too much money in circulation, causing banks to lend freely.
d. manufacturers and farmers made fewer goods than people wanted.

Explanation:

During the late 1800s, over - production led to a situation where there were more goods available in the market than the demand for them. This surplus of goods caused prices to drop, businesses to struggle, and ultimately contributed to economic depressions. Crop failures were not the main cause of these depressions. Having too much money in circulation causing banks to lend freely was not the primary factor either. And it was not that manufacturers and farmers made fewer goods than people wanted; rather, they made too many.

Answer:

B. There were more goods available than there was demand for them.