HURRY!

What is one reason the economy declined in the 1890s?

A.) the national debt tripled as spending increased

B.) the number of skilled jobs decreased due to reduced demand

C.) the reduction in international trade made fewer tariffs

D.) the lack of jobs meant more social programs were needed

Question

Ansley Morrow

History

30 June, 21:03

HURRY!

What is one reason the economy declined in the 1890s?

A.) the national debt tripled as spending increased

B.) the number of skilled jobs decreased due to reduced demand

C.) the reduction in international trade made fewer tariffs

D.) the lack of jobs meant more social programs were needed

+2

Answers (2)

Know the Answer?

Gallagher · Answer 1

The answer is either A or C because the other two arent causes more of after effects. I would guess the answer is C.

Theodore Key · Answer 2

B is the correct answer.

Explanation:

The depression of the 1890s was preceded by events that weakened the economy. The panic of 1893 contributed to the economic recession. In the US the Reading Railroad collapsed, after these hundreds of banks and businesses which were dependent on it and other railroad companies also collapsed. The stock market also collapsed due to which the foreign investors withdrew their funds. Businesses were ruined and more than four million became unemployed. The then US president did nothing to improve the situation as he believed that the recession was a part of the business cycle and political parties shouldn't interfere with it.

HURRY!What is one reason the economy declined in the 1890s?A.) the national debt tripled as spending increasedB.) the number of skilled jobs decreased due to reduced demandC.) the reduction in international trade made fewer tariffsD.) the lack of jobs meant more social programs were needed