QUESTION IMAGE
Question
- a major cause of the great depression was—
a. overproduction and stock market speculation
b. high wages
c. excessive government regulation
d. increased foreign trade
The Great Depression was triggered by widespread overproduction across industries that created a supply glut paired with rampant unregulated stock market speculation that led to the 1929 stock market crash, which was the immediate catalyst for the crisis. High wages were not a cause, government regulation was minimal in the lead-up, and foreign trade contracted after the Depression began rather than causing it.
Snap & solve any problem in the app
Get step-by-step solutions on Sovi AI
Photo-based solutions with guided steps
Explore more problems and detailed explanations
A. overproduction and stock market speculation