Question

question 6 of 10
what caused the economic depressions in the late 1800s?
a. there was too much money in circulation, causing banks to lend freely.
b. manufacturers and farmers made fewer goods than people wanted.
c. crop failures year after year meant the food supply was low.
d. there were more goods available than there was demand for them.

Explanation:

In the late 1800s, industrialization led to overproduction (more goods than demand). Option A is wrong as too much money lending wasn't the cause. Option B is incorrect (manufacturers/farmers overproduced, not underproduced). Option C is wrong (crop failures weren't the main cause of economic depressions then; overproduction was key). So D is correct.

Answer:

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