What was one major cause of the Great Depression?

Select one:

a. Banks lent more money than they had and made risky investments on Wall Street.

b. Workers were being paid too much, and many businesses couldn't afford to employ them.

c. Governments forced banks to only lend out what they had on hand, freezing credit markets.

d. The United States had paid a tremendous economic cost for World War I, and couldn't pay its war debts.

Question

History

Keely Li

6 May, 05:46

What was one major cause of the Great Depression?

Select one:

a. Banks lent more money than they had and made risky investments on Wall Street.

b. Workers were being paid too much, and many businesses couldn't afford to employ them.

c. Governments forced banks to only lend out what they had on hand, freezing credit markets.

d. The United States had paid a tremendous economic cost for World War I, and couldn't pay its war debts.

+3

Answers (1)

Know the Answer?

Misael Roberts · Answer 1

I think the answer is a. Banks lent more money than they had and made risky investments on Wall Street.

Explanation:

Stock Market Crash of 1929 - Many believe erroneously that the stock market crash that occurred on Black Tuesday, October 29, 1929 is one and the same with the Great Depression.