Sovi.AI - AI Math Tutor

Scan to solve math questions

QUESTION IMAGE

2. how did the great depression affect american society? the price of a…

Question

  1. how did the great depression affect american society?

the price of agricultural goods decreased, causing an increase in demand for farm labor.
manufacturing wages increased, causing businesses to concede to labor union demands.
demand for luxury goods increased, causing overproduction in manufacturing.
businesses were forced to close, causing widespread unemployment.
clear all

Explanation:

Brief Explanations

During the Great Depression, economic collapse led to business failures. When businesses close, workers lose jobs, resulting in widespread unemployment. Agricultural goods' price decrease would likely reduce farm labor demand (contradicting the first option). Manufacturing wages didn't increase during the depression as businesses were in crisis (contradicting the second option). Demand for luxury goods decreased during the depression (contradicting the third option).

Answer:

Businesses were forced to close, causing widespread unemployment.