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Q.

Is it true that agricultural overproduction was a factor that led to the Great Depression?


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Detailed Solution

The above statement is true.
Agricultural overproduction was a factor that led to the Great Depression.
There were various reasons that contributed to the depression. The issue of agricultural overproduction continued. The situation was exacerbated by declining crop prices. Farmers tried to increase production and bring more products to market to maintain their overall income as prices fell and agricultural incomes decreased. As a result, the market's oversupply worsened, and prices fell even further. The lack of consumers caused farm food to decay.
 
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