Sovi.AI - AI Math Tutor

Scan to solve math questions

QUESTION IMAGE

how did the 1920s boll weevil infestation and the subsequent drought cr…

Question

how did the 1920s boll weevil infestation and the subsequent drought create a domino effect on georgias economy prior to the 1929 stock market crash?they encouraged farmers to diversify, which actually protected georgia from the great depression.they led to a decrease in the price of cotton, which allowed georgia textile mills to expand globally.they eliminated the primary credit source (crops), leading to bank failures and a premature local depression.they forced a shift to industrial manufacturing, causing an immediate urban housing shortage.

Explanation:

Brief Explanations

The 1920s boll weevil infestation destroyed Georgia's cotton crop (the state's primary economic driver), and the subsequent drought worsened agricultural losses. Since cotton was the main collateral for farm loans, the collapse of this crop eliminated the primary credit source. This led to widespread defaults, bank failures, and a local economic depression in Georgia years before the 1929 stock market crash. The other options are incorrect: the events did not protect Georgia from the Depression, did not help textile mills expand (cotton prices fell but mills faced their own issues), and did not cause an immediate shift to manufacturing/housing shortage.

Answer:

They eliminated the primary credit source (crops), leading to bank failures and a premature local depression.