What caused the economic depressions in the late 1800s?
O A. Crop failures year after year meant the food supply was low.
B. There were more goods available than there was demand for
them.
C. There was too much money in circulation, causing banks to lend
freely.
D. Manufacturers and farmers made fewer goods than people
wanted.

In the late 1800s, the industrial revolution had already run its course leaving much more efficient methods for creating goods. But there were still so many people that could not afford many of those goods, leaving a lot more goods that there was a demand for, causing prices to drop drastically.

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Tutorconsortium311 Tutorconsortium311 · Answer 2 · 2022-07-02T13:30:41+02:00

The correct option is, (B) There were more goods available than there was demand for them.

The industrial revolution had already reached its peak by the late 1800s, and significantly more productive ways of producing commodities had emerged.
However, there were still a lot of individuals who were unable to afford many of those items, leaving a lot more commodities that were in demand and driving down prices.

What caused economic depressions in the late 1800s?

The United States' strict monetary policy to return to the gold standard after the Civil War was the main contributor to the price depression in that country.
There was less money available to assist trade since the U.S. government was removing money from circulation to achieve this purpose.

What caused the economic depressions in the late 1800s?

There was a surplus of commodities compared to what was needed.

What problems did farmers face in the late 1800s?

Numerous farmers had to deal with mounting debt, a lack of available land, foreclosures, and exorbitant railroad shipping costs.

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