during the coolidge and hoover administrations, several warning signs appeared that pointed to an economic crisis. Name at least two of these warning signs
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There were several warning signs that appeared during the Coolidge and Hoover administrations that pointed to an economic crisis. Two of these warning signs are:
1) Agricultural overproduction: During the 1920s, farmers were increasing their production of crops such as wheat and cotton, which led to a surplus of these crops in the market. As a result, prices for these crops fell, and many farmers were unable to earn a living. This overproduction in agriculture was a warning sign that the economy could not sustain itself.
2) Stock market speculation: During the 1920s, there was an increase in stock market speculation, which meant that individuals were buying stocks with the hope that the prices would rise, and they could make a profit. However, this speculative buying created a bubble that could not be sustained, and when the stock market crashed in 1929, it led to the Great Depression. This speculation in the stock market was a warning sign that the economy was unstable.