Which of the following was the major cause of the 1929 Depression?

Question

Quizplus · Accepted Answer

The major cause of the 1929 Depression was that the cost of goods majorly decreased, caused by overproduction and underconsumption.
Key Takeaway: The Depression of 1929 was mostly due to too many goods being available (overproduction) without enough people who could buy them (underconsumption). This led to a nation-wide decrease in prices. Other reasons for the depression included: speculation, which led to massive overpricing of stocks; margin buying; poor bank practices; unemployment; an equally bad depression in Europe; and high tariffs abroad.

Which of the Following Was the Major Cause of the 1929