Question

A)Analyze why cotton and oil prices dropped in Texas at the beginning of the Great Depression.(1 point)

Responses

Farmers and refinery owners often went against government orders to produce high surpluses to make up for profit losses.
Farmers and refinery owners often went against government orders to produce high surpluses to make up for profit losses.

Farmers and refinery owners received no federal relief funding during the Hoover administration.
Farmers and refinery owners received no federal relief funding during the Hoover administration.

Farmers and refinery owners had to fire Black and Mexican American workers to provide jobs for White laborers.
Farmers and refinery owners had to fire Black and Mexican American workers to provide jobs for White laborers.

Farmers and refinery owners were allowed by state and federal governments to produce large amounts of these natural resources to make up for profit losses.
Farmers and refinery owners were allowed by state and federal governments to produce large amounts of these natural resources to make up for profit losses.

Answer 1

[AI-generated answer — Bot GPT 3.5]

Farmers and refinery owners were allowed by state and federal governments to produce large amounts of these natural resources to make up for profit losses. This oversupply led to a decrease in prices for cotton and oil in Texas at the beginning of the Great Depression. Additionally, the lack of federal relief funding during the Hoover administration meant that farmers and refinery owners were left to deal with the economic downturn on their own, contributing to the drop in prices.