Question

7. Elucidate any three factors that led to the Great
Depression.​

Answer 1

Answer:

1. wheat prices fell

2. export markets collapsed

3. unsold stocks piled up, storehouses overflowed with grains, and vast amount of corn and wheat were turned into animal feed

Answer 2

$\Large{\textbf{\underline{\underline{Points\;are}}}}$

1. Agricultural overproduction remained a problem, and the falling agricultural prices worsened.

2. When prices dropped and agricultural incomes decreased, farmers sought to increase production, adding a large amount of production to the market, thus driving down prices.

3. In the mid-1920s, many countries funded their investment through US loans, when the going was strong, it was extremely easy to collect loans in the USA.

4. But an acute crisis was facing in the first half of the 1920 countries that were crucially dependent on US loan.

5. The removal of US credits has influenced the rest of the planet in numerous ways. It has contributed to the downfall of small large banks in Europe, and the crash of currencies like the British pound sterling.