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19 December, 20:47

What caused oil and cotton prices to fall in the 1930s?

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  1. 19 December, 20:54
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    The Great Depression

    Explanation:

    The Great Depression caused many big oil and cotton producers to have a financial downfall
  2. 19 December, 21:03
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    by C. R. During the Great Depression of the 1930s, massive oil discoveries in Texas, alongside falling global demand for energy, sent oil prices tumbling downwards. As we reported in 1931, that not only caused investors in oil firms to suffer huge losses, but also contributed to deflation around the world.
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