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Question
which of the following contributed to the economic downturn of the 1930s? workers were being paid high wages due to thriving business. excessive use of credit caused many not to be able to make payments. specialized work meant business productivity was higher.
In the 1930s, the over - extension of credit led to a situation where many consumers and businesses could not make payments. High wages due to thriving business would typically boost the economy, not cause a downturn. Higher business productivity from specialized work is also a positive economic factor.
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Excessive use of credit caused many not to be able to make payments.