In the late 1920s, the European demand for agricultural and manufacturing goods from the United States was
rising.
steady.
declining.
chronically unstable.
essentially nonexistent.
All the following factors contributed to the Great Depression EXCEPT
an unstable European economy.
a lack of diversification in the United States economy.
a maldistribution of purchasing power.
conservative banking policies that restricted the availability of loans.
weak consumer demand.
Beginning in February 1928 and lasting through most of 1929, the American stock market
saw the number of shares traded daily soar.
saw the average price of stocks rise slightly.
slowly declined in value.
rapidly lost value.
saw brokerage firms restrict credit to those buying stocks.
In the 1920s, Treasury Secretary Andrew Mellon succeeded in
cutting taxes on corporate profits and personal incomes.
eliminating half of the WWI debt.
dramatically trimming the federal budget.
both eliminating half of the federal debt, and dramatically trimming the federal budget.
All these answers are correct.
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