which statement best explains how manufacturers contributed to the economic slowdown that led to the great…
which statement best explains how manufacturers contributed to the economic slowdown that led to the great depression?\nthey were overproducing goods.\nthey were not meeting consumer demands.\nthey were charging high prices for their products.\nthey were unable to pay back loans borrowed from banks.
Answer
Brief Explanations:
During the 1920s, manufacturers over - produced goods. There was a mismatch between production levels and consumer purchasing power. As a result, inventories piled up, leading to cut - backs in production, layoffs, and ultimately contributing to the economic slowdown that led to the Great Depression.
Answer:
They were overproducing goods.