Sovi.AI - AI Math Tutor

Scan to solve math questions

QUESTION IMAGE

question 2 of 10 what caused the economic depressions in the late 1800s…

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:

Brief Explanations

In the late 1800s, over - production led to a situation where the quantity of goods available exceeded the demand for them, which was a major cause of economic depressions. Crop failures were not the main cause. Having too much money in circulation freely lending by banks is not the main reason for the depressions in this period. Making fewer goods than people wanted is the opposite of what happened.

Answer:

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