What conditions led to the Great Depression? Select all that apply.
A. anti-immigration laws
B. factory job shortages
C. high consumer debt
D. regulation of stock markets
E. risky investments
F. rural to urban migration
G. uninsured bank deposits
H. wartime production
I. widespread labor strikes
From Internet:
The government’s “easy money” policies caused an artificial economic boom and a subsequent crash.
President Herbert Hoover’s interventionist policies after the crash suppressed the self-adjusting aspect of the market, thus preventing recovery and prolonging the recession.
After Hoover left office, Franklin Delano Roosevelt’s “New Deal” expanded Hoover’s interventionism into nearly every aspect of the American economy, thus deepening the Depression and extending it ever longer.
Labor laws such as the Wagner Act struck the final blow to the remaining healthy sectors of the economy, dragging the last remaining bulwarks of productivity to their knees.