Which of the following was the immediate factor for the Great depressi

1.	Which of the following was the immediate factor for the Great depression(1929-1932)?
Answer» Answer: The high real interest rate which CAME as a result of deflation was most likely a major FACTOR in the collapse of investment which was the immediate cause of the Depression. Once production declined BUSINESSES had excess capacity and no need for additional EQUIPMENT even if real interest dropped

Which of the following was the immediate factor for the Great depression(1929-1932)?

Answer»

Answer:

The high real interest rate which CAME as a result of deflation was most likely a major FACTOR in the collapse of investment which was the immediate cause of the Depression. Once production declined BUSINESSES had excess capacity and no need for additional EQUIPMENT even if real interest dropped

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Which of the following was the immediate factor for the Great depression(1929-1932)?​

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Which of the following was the immediate factor for the Great depression(1929-1932)?