1. Great Depression- Causes
... reduce inventories. A similar story held for makers of household appliances. Perhaps more than any other part of the economy, agriculture suffered throughout the 1920s. During World War I, international demand for food crops such as wheat and corn soared, causing prices to rise. Farmers planted more crops and took out loans to buy land and equipment. After the war, demand for farm ... people then had trouble paying off their growing debts. Faced with debt, consumers cut back on spending. Consumers also spent less because their incomes were not rising fast enough. During the 1920s, nearl...
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