Question

Why was the American economy in the 1920s suddenly in shambles?
Question 7 option

The bull market had crashed, seemingly for no reason.

Years of overspending and bloated credit could not survive an unstable market.

Europe’s sanctions against the U.S. caused the sudden depression.

Hoover’s attempts to fix the economy only made the drop much worse.

Answer 1

Answer:

The main reasons for America's economic boom in the 1920s were technological progress which led to the mass production of goods, the electrification of America, new mass marketing techniques, the availability of cheap credit and increased employment which, in turn, created a huge amount of consumers.

Explanation:

Answer 2

The American economy in the 1920s was suddenly in shambles because B. Years of overspending and bloated credit could not survive an unstable market.

It should be noted that the Great Depression was a period that was caused by bloated credit and a high stock price.

This resulted in the loss of jobs and a downturn in the economy of the United States. The years of increased expenditure also resulted in the shambles of the economy in this period.

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