Explain how the fall in demand for raw materials and agricultural products contributed to the Great Depression

Answers

Answer 1
Final answer:

The fall in demand for raw materials and agricultural products during the Great Depression affected multiple sectors of the economy. Farmers, unable to pay off debts due to devalued land, ceased their purchases of manufactured goods, affecting industries. This decreased demand for goods and decline in global GDP led to widespread layoffs and unemployment, perpetuating a devastating economic cycle.

Explanation:

The Great Depression was a worldwide economic crisis that started in 1929 and was characterized by widespread business failure, economic contraction, and high unemployment. The fall in demand for raw materials and agricultural products played a huge role in triggering and prolonging the depression.

For instance, the overproduction of agricultural products resulted in a drastic decrease in the prices of these goods, leaving farmers unable to repay their debts. When these farmers defaulted on their loans, banks seized their property. However, with the devalued land, banks were unable to sell these properties resulting in financial losses at large scales. This impact spread to other sectors of the economy by lowering demand for manufactured goods as affected farmers cut back on purchases.

Foreign trade was also heavily affected during the Depression, because of the decline in worldwide gross domestic product (GDP). Many U.S. banks had to recall loans they made to foreign businesses and countries because their borrowers' revenues were reduced as demand for raw materials and commodities dropped. This led to an economic crisis on a global scale, as most countries were both importers and exporters. The negative impacts of this fall in demand were felt everywhere, even in countries that were relatively isolated, like China and Japan.

In the United States, the decrease in demand and the associated contraction in the economy led to lower wages, widespread layoffs, increasing unemployment, and a vicious cycle of declining purchasing power and consumption. People with less money to spend could not help businesses grow; in turn, businesses with no market for their products could not hire workers. All these factors contributed to making the Great Depression one of the most severe economic crises in history.

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Answer 2

The fall in demand for raw materials and agricultural products during the Great Depression caused prices to plummet and left farmers unable to pay their loans. This led to widespread loan defaults and tightened credit from banks, exacerbating the economic downturn. Decreased farm income also reduced overall consumption, worsening the Great Depression.

The Great Depression, which began in 1929, severely impacted the agricultural sector. Prices for agricultural products, such as cotton and foodstuffs, plummeted as production increased while both domestic and international demand decreased. This situation was exacerbated by widespread soil exhaustion on western farms, making it harder for farmers to maintain profitable operations.Many farmers had taken out loans during better economic times, but as their incomes fell, they were unable to keep up with mortgage payments. By 1932, more than half of farm loans were in default, which caused banks in agricultural areas to tighten credit. The fall in demand thus led to widespread financial instability among farm families, pushing them into a precarious position even before the broader economic collapse of the Great Depression.The reduction in farmers' income also weakened their capacity to purchase goods and services, contributing to the overall decline in the economy. This led to a reduction in consumption and further worsened the economic downturn.


Related Questions

The tea act was passed by british parliament. It said what?

Answers

Answer:

a bill designed to save the faltering East India Company from bankruptcy by greatly lowering the tea tax it paid to the British government and, thus, granting it a de facto monopoly on the American tea trade.

Explanation:

What is the significance of the sinking of the Lusitania?

A) The German U-boat attack pushed the United States toward entering World War I.

B) After the sinking of the Lusitania, the United States joined the Central Powers.

C) American trade with the Allies ended after the attack on the Lusitania.

Answers

A, the disaster set off a chain of events that led to the U.S. entering World War I.

Answer:

A) The German U-boat attack pushed the United States toward entering World War I.

In his farewell address george washington advised that the united states should to follow a policy of

Answers

avoiding foreign entanglements/long term alliances with other nations

Why were the U.S. battleships and planes so easy for the Japanese to bomb at Pearl Harbor?

The Americans did not put up a defense during the attack.

They were lined up in neat rows.

They were still at the docks since they had just arrived in Hawaii.

The Japanese had studied maps of the harbor and knew where to attack.

Answers

Answer:

they were lined up in neat rows which made the bombs just spread between each ship exploding them all

Answer:

The Japanese had studied maps of the harbor and knew where to attack.

Which of the following affirmed the legality of racial segregation and prompted the passage of Jim Crow Laws?
a)The 14th Amendment
b)The Civil Rights Act of 1875
c)The decision in Plessy v. Ferguson
d)The decision in Brown v. The Board of Education

Answers

Answer:

c) The decision in Plessy v. Ferguson

Explanation:

The Plessy v. Ferguson decision upheld the Jim Crow Laws, stating that separate facilities for different race was permissible as long as the facilities were the same. Of course, it was hard to enforce the law, and most facilities did not meet the requirements.

~

Answer:

c. :)

Explanation:

The map shows the Middle East from 600 to 800 CE. What information do the different colors represent? a - climate zones b - elevation c - change over time d - trade routes

Answers

Answer:

D Trade routes

Explanation:

Do you have a picture of the map? But most of the time it would be trade routes. So I'm going to take my best guess for not being able to see the map that it is D trade routes

D Trade Routes

It would only make sense because that was the main thing they were doing

Prior to the 20th century, those who had survived beyond young adulthood were increasingly vulnerable to which infectious diseases?

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the answer is measles, mumps,rubella. there were no vaccines for these diseases at that time.

Under the _______, the world helped supply the immediate needs of european nations.

Answers

Answer: Marshall Plan

Explanation:

Under the Marshall Plan, the world helped supply the immediate needs of European nations.



Use the image to answer the question.


Which of the following related humanitarian crises does the image signify? Select all that apply.



poverty



enslavement



terrorism



migration



hunger

Answers

Answer:

Hunger, Poverty

Explanation:

The person holding the food has people all around them with their hands outstretched, and empty. They show a trait of desire for what the person whoms hands are full of, food. Therefore you can deduce that they want food and are hungry.

The people with their hands outstretched seem to not have enough money for food either, so you can deduce they are poor.

Answer:

Hunger and poverty

Explanation:

What impact did the Columbian Exchange have on imperialism?

The popularity of Columbian goods throughout Europe built American empires.

The discovery of the American empires led to new markets in which Europeans could sell their goods.

The money generated from moving agricultural goods to new continents built European empires.

The establishment of the first stock exchange promoted economic growth in Europe and built empires.

Answers

The money generated... is the correct answer

Hope this helps:)

Arguments for the ratification of the Constitution can be found in what historical document(s)?
A. The Article of Confederation
B. The Federalist Papers
C. Declaration of Independence
D. The Bill of Rights

Answers

Answer: B, the federalist papers

Explanation:

this is really just a educated guess based on what I do know

Which is not a primary motivation for republicans to congressional reconstruction over those policies proposed but Lincoln and Johnson

A) Congress felt that reconstruction policy should be under its authority

B) congressional leaders wanted to restore the union as quickly as possible

C) congress wanted to punish the south for its crimes against the union

D) congressional leaders wanted to keep southern states out of power

Answers

Answer:

B) congressional leaders wanted to restore the union as quickly as possible

Describe in at least a paragraph how a government creates and maintains a market economy by any one or two of the following:
*Establishing law and order
*defining rules of property
*governing rules of exchange
*setting market standards
*providing public goods
*ameliorating externalities, or
*promoting competition

Answers

Answer:

Citizens participate in democratic governments by voting, running for public office and forming or joining political parties. This is a general statement and does not cover all aspects of participation avenues for citizens.

An ordered government is one with orderly regulations between all parts of government and state. A limited government is one that has regulations placed on it for what it can and can not do, such as, and generally including, ensuring the rights of it's citizens. A representative government is one in which officials are elected by the general populace to create public policies.

The government is in charge of administration and regulation of the government.

Explanation:

Answer: Governments provide public  goods where the markets cannot or would not step in. An example of a public  good provided by the government is the Rural Electrification Projects of the New Deal. I wouldn't be profitable if the companies began to provide electricity to rural areas, but the government stepped in and provided it for the outer sections of the country. Additionally, the government creates a labor force by requiring children to go to school until a certain age, ensuring that when they become adults, they will have a certain level of knowledge that will allow them to work.

Explanation:

jewish people and christians alike travel to,or make a pilgrimage to what holy place to honor their religion

Answers

Answer:

Altars

or church

Explanation:

Final answer:

Both Jewish and Christian people regard Jerusalem as a holy place for pilgrimage. Christians visit as it is the location of Jesus's crucifixion and resurrection, while Jews honor the site of the ancient Temple of Solomon.

Explanation:

Jewish and Christian people alike consider Jerusalem to be a sacred place where they undertake pilgrimages to honor their religions. For Christians, Jerusalem is the site of Jesus's crucifixion and resurrection, embodying the core of Christian faith. For Jews, Jerusalem was the location of the Temple of Solomon, a historically central place of worship that deeply resonates with Jewish heritage. Although the physical temple no longer stands, the Western Wall, part of the ancient structure, remains a focal point of prayer and pilgrimage. Moreover, Islam regards Jerusalem as a significant place, with the Dome of the Rock and the Al-Aqsa Mosque situated there, representing key aspects of their faith.

describe the results of ethnic conflict in Bosnia in the 1990s

Answers

Answer:

Bosnian War, ethnically rooted war (1992–95) in Bosnia and Herzegovina, a former republic of Yugoslavia with a multiethnic population comprising Bosniaks (Bosnian Muslims), Serbs, and Croats.

Explanation:

Confucianism became extremely popular among chinese leaders and the artists they patronized because of its emphasis on

Answers

Respect for age, authority, and morality

Hope it can help !!!

Write a 4–5 paragraph essay that compares and contrasts Village Life in America and A Confederate Girl’s Diary. Draw conclusions from both texts to make your points. Support your statements with quotations and evidence from the texts. Write using clear and varied sentences.


Please only answer with an essay that is at least 4 paragraphs long.

Answers

Answer:

an essay that is at least 4 paragraphs long

Explanation:

dont copy and paste thats how we get a zero on our essays

Answer:

The two young ladies were experiencing a period of war. The two of them loathed the war and needed it to finish as quickly as time permits. They have both experienced snapshots of dread and wretchedness, yet in addition joy and delight at now and again. They have both lost relatives and companions that they have adored.  

The two females were announcing and seeing what was occurring around them and they were excellent scholars as well. Toward the finish of the war, both Dawson and Richards were exceptionally happy the war was finished.  

There were additionally a couple of contrasts with the two journals as well. The greatest distinction is that Richards is on the association's side while Dawson is on the Confederates side.  

Dawson was devasted at the loss of her side. "Thursday the thirteenth came the horrendous greetings of the give up of Lee and his military on the ninth. Everyone cried". Richards was triumphant at the success of her side. "Lee has given up!  and every one of the general population appear to be insane in outcome. The chimes are ringing, young men and young ladies, people are going through the lanes wild with fervor".  

At long last, Richards appears to be progressively similar to a quiet and entertaining individual while Dawson searches for retribution "Retaliation is mine; I will reimburse, saith the Lord." This is murder! God show leniency toward the individuals who did it!".  

To whole everything up the two journals were altogether different despite the fact that they were composed  also, in the meantime. The two young ladies were solid all through the common war, however the  lost a few relatives. At last, Richards was extremely glad that her side  won the war while Dawson was crushed next to her misfortune.

The president’s role as chief of state is primarily??

Answers

Answer:

The president is the "boss" for millions of government workers in the Executive Branch. He or she decides how the laws of the United States are to be enforced and chooses officials and advisors to help run the Executive Branch.

Explanation:

Compare and contrast slaves in the north to slaves in the south

Answers

Based onto the knowledge I've gathered of learning about Northern and Southern slaves:

Northern SlavesDuring and immediately following the Revolutionary War, abolitionist laws were passed in most Northern states and a movement developed to abolish slavery.

Northern states depended on free labor and all had abolished slavery by 1805. Northern slaves are much more privileged and treated a little bit more of a citizen working than a slave. Southern SlavesUnfortunately for the Southern slaves. Life's a challenge for them therefore its hard for them because they live in constant and continuous fear.

During work and outside of it, slaves suffered physical abuse, since the government allowed it. Treatment was usually harsher on large plantations, which were often managed by overseers and owned by absentee slaveholders. Small slaveholders worked together with their slaves and sometimes treated them more humanely.

Hope this helps you!

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Which two countries fought in the war of 1812

Answers

United States and Great Britain

When the United States tried to invade Canada and we held them off, yet they won’t admit that they lost

One reason the fugitive slave act of 1850 angered northearners was that it

Answers

required all citizens to support the slave system.

Political participation during the Gilded Age

A. was extremely high

B. was characterized by apathy

C. ebbed and flowed

D. peaked in the 1870s and diminished thereafter

Answers

Answer:

I would say D is your answer but not 100% sure. Sorry if it's wrong

As a result of the versailles peace treaty which brought world war i to an end, a new supra-national _________was entrusted with the maintenance of peace.

Answers

Answer:

League of Nations.

Explanation:

Why did the colonists shouted no taxation without representation?

Answers

a phrase, generally attributed to James Otis about 1761, that reflected the resentment of American colonists at being taxed by a British Parliament to which they elected no representatives and became an anti-British slogan before the American Revolution; in full, “Taxation without representation is tyranny."

Why did the founders decide to use the electoral college to elect the president rather than allowing congress or the people to directly elect the president?

Answers

Answer:

They thought this would give people who lived in states with smaller populations, the same say as those that lived in states like California where there are many more people

Explanation:

The sons of liberty were formed in the 1760s primarily as a reaction to

Answers

Answer:

Stamp Act

Explanation:

What was not an advantage that Fort Supply troops had over the Plains tribes during the Winter War?
A Tribes camped in larger villages due to the cold.
B. Tribes did not expect attacks from the federal troops in the winter.
C. Tribal leaders were detained in Texas.
D. Tribes would have difficulty defending themselves due to fewer supplies and weaker horses.​

Answers

Answer:C.Tribal leaders were detained in Texas.

Explanation:

Answer:

it's c. Tribal leaders were detained in Texas.

Explanation:

What did the settlement at the end of wwi try to accomplish

Answers

It tried to fulfill nineteen century dreams of nationalism by creating new boundaries and new states.

Choose the items that CORRECTLY describe an aspect of the building of the First Transcontinental Railroad. It crossed the Rocky Mountains. Large number of Irish immigrants were used in construction going westward. It crossed the Appalachian Mountains. The Union Pacific Railroad used mostly Chinese labor. The Central Pacific Railroad built track from west to east. Large numbers of Japanese immigrants were used in eastward construction. Construction was completed before the end of the Civil War. The Central Pacific and Union Pacific railroads met at Promontory Point, Utah, completing the project.

Answers

Answer:

The items that correctly describe an aspect of the building of the First Transcontinental Railroad are:

-It crossed the Rocky Mountains.

-The Union Pacific Railroad used mostly Chinese labor.

-The Central Pacific Railroad built track from west to east.

-The Central Pacific and Union Pacific railroads met at Promontory Point, Utah, completing the project.

Explanation:

The First Transcontinental Railroad in the United States was a railroad line, built between 1863 and 1869 by the Central Pacific and Union Pacific companies, which connected Council Bluffs (Iowa) and Omaha (Nebraska) to Sacramento (California) and the Pacific Ocean in Oakland (California). Linking with the existing rail network to the east it connected, in fact, the coast of the Atlantic Ocean with the one of the Pacific for the first time with railroad. The line was popularly called Overland Route and was in service until the end of 1962. Coming into service on May 10, 1869 with the placement of the symbolic golden spike in Promontory (Utah), this route established a transcontinental mechanized transport system that revolutionized demography and the economy from the Far West of the United States.

Final answer:

The construction of the First Transcontinental Railroad involved crossing the Rocky Mountains, utilizing Irish and Chinese labor, building track from west to east, completing construction after the end of the Civil War, and meeting at Promontory Point, Utah.

Explanation:

The construction of the First Transcontinental Railroad had several aspects:

1. It crossed the Rocky Mountains. This was a challenging task due to the rugged terrain and harsh weather conditions.

2. A large number of Irish immigrants were utilized in the construction going westward. They played a crucial role in building the railroad.

3. The Union Pacific Railroad primarily used Chinese labor to construct their portion of the railroad. Thousands of Chinese immigrants were employed for this massive undertaking.

4. The Central Pacific Railroad built track from west to east. They started from Sacramento, California, and worked their way towards Omaha, Nebraska.

5. The construction was completed after the end of the Civil War. The First Transcontinental Railroad was officially completed on May 10, 1869, when the Union Pacific and Central Pacific railroads met at Promontory Point, Utah.

Who discovered the sun was the center of our solar system?

Answers

Answer:

I think "Nicolaus Copernicus discovered "

:) Hope this will help

Explanation:

IT WILL BE Nicolaus Copernicus

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