Which of the following was a cause of the Great Depression? Choose the three that apply.
(3 points)
• The Stock Market Crash of 1929
• Prohibition
• Failed crops and drought
• A lack of demand for goods
The three causes of the Great Depression are:
1. The Stock Market Crash of 1929: This event is commonly regarded as the trigger that set off the economic downturn, as it led to the loss of millions of dollars and investor confidence.
2. Failed crops and drought: A significant agricultural crisis occurred during the 1930s, where drought and poor farming practices resulted in the Dust Bowl. This led to widespread crop failures and contributed to the economic hardships of the time.
3. A lack of demand for goods: During the Depression, there was a decline in consumer spending and investment, leading to a decrease in demand for goods. This lack of demand further worsened the economic situation.