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

see full answer

Talk to JEE/NEET 2025 Toppers - Learn What Actually Works!

Real Strategies. Real People. Real Success Stories - Just 1 call away

An Intiative by Sri Chaitanya

True

False

answer is A.

(Unlock A.I Detailed Solution for FREE)

Ready to Test Your Skills?

Check your Performance Today with our Free Mock Test used by Toppers!

Take Free Test

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.

Watch 3-min video & get full concept clarity

Result Producing online coaching for JEE/NEET of south India

Largest All India Test Series for JEE/NEET

Best Books for IIT JEE

Best Books for NEET

How to Join IIT after 10th