Question

what happend in the late 1920s and early 1930s as consumers spent less money

A.companies cut production and jobs

B. banks loaned more money

C. government leaders told people to shop more

D. more americans went to collage

Answer 1

Answer:

This rise in the currency-to-deposit ratio was a key reason why the money supply in the United States declined 31 percent between 1929 and 1933. ... In ordinary times, such as the 1920s, both the money supply and output tend to grow steadily. But in the early 1930s both plummeted.

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