Why were industrial and agricultural surpluses a problem for the US economy?

a. The US did not have an efficient method of distributing goods to consumers.

b. Consumers were more likely to buy products made by foreign competitors.

c. The average American had limited funds to purchase these items.

d. The increase in production resulted in lower wages for workers.

Question

Simon Ortiz

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7 December, 04:10

Why were industrial and agricultural surpluses a problem for the US economy?

a. The US did not have an efficient method of distributing goods to consumers.

b. Consumers were more likely to buy products made by foreign competitors.

c. The average American had limited funds to purchase these items.

d. The increase in production resulted in lower wages for workers.

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Answers (1)

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Marlie Tyler · Answer 1

The correct answer should be c. The average American had limited funds to purchase these items.

Farmers and manufacturers were making more products than could've been bought, which is why they started losing large sums of money when the regular people couldn't buy them. They had to find a way to get rid of the surpluses and earn in the meantime which was difficult.