The text authors say that “economic historians have been hard pressed

The text authors say that “economic historians have been hard pressed to explain why the ‘Prosperity Decade’ [1920s] ended in financial disaster.” How do you explain the Great Crash and the onset of the Great Depression?

What will be an ideal response?

ANSWER
Consider: maldistribution of wealth; declining purchasing power, underconsumption; overspeculation; “sick” industries like farming, banking, and foreign trade; government tax, tariff, and monetary policies