1. Consumer overspending contributed to and worsened the Great Depression because

consumers were overly reliant on credit

all of these

people were spending money, much they didn't have

under-consumption when people limited spending to only necessities after stock market crash.

2. What example displays the get rich quick attitude that was a cause of the Great Depression?

the first invention of the "as seen on TV" commercials

consumers deciding to save their money in savings accounts instead of investing in the stock market

financial advisors sending their money to markets in western Europe to avoid the coming economic collapse

investors bought stock with loaned money and couldn't pay back debt if stock prices fell (market speculation through buying and selling stocks)

Question

Leon Alvarez

History

1 July, 11:22

1. Consumer overspending contributed to and worsened the Great Depression because

consumers were overly reliant on credit

all of these

people were spending money, much they didn't have

under-consumption when people limited spending to only necessities after stock market crash.

2. What example displays the get rich quick attitude that was a cause of the Great Depression?

the first invention of the "as seen on TV" commercials

consumers deciding to save their money in savings accounts instead of investing in the stock market

financial advisors sending their money to markets in western Europe to avoid the coming economic collapse

investors bought stock with loaned money and couldn't pay back debt if stock prices fell (market speculation through buying and selling stocks)

+4

Answers (1)

Know the Answer?

Iyana Moss · Answer 1

B. All of these

D. Investors bought stock with loaned money and couldn’t pay back debt if stock prices fell (market speculation through buying and selling stocks).