[Answer] Which industry suffered from overproduction during the early 1920s?

Answer: agriculture
Which industry suffered from overproduction during the early 1920s?

During the recession there was an extremely sharp decline in industrial production. From May 1920 to July 1921 automobile production declined by 60% and total industrial production by 30%. At the end of the recession production quickly rebounded. Industrial production returned …

By the late 1920s many previously scarce goods were in good supply. One economist has argued that this constituted ” overproduction ” and contributed to high unemployment during the Great Depression. Say’s law denies the possibility of general overproduction and for this reason classical economists deny that it had any role in the Great Depression.

Fri Feb 18 2005 13:30:00 GMT-0500 (Eastern Standard Time) · Overproduction led to plummeting prices which led to stagnant market conditions and living standards for farmers in the 1920s. Worse hundreds of thousands of farmers had taken out mortgages and loans to buy out their neighbors’ property and now are …

The causes of the Great Depression in the early 20th century in the USA have been extensively discussed by economists and remain a matter of active debate. They are part of the larger debate about economic crises and recessions.The specific economic events that took place during the Great Depression are well established. There was an initial stock market crash that triggered a “panic sell-off …

Depression of 1920–1921 – Wikipedia

Depression of 1920–1921 – Wikipedia

History of agriculture in the United States – Wikipedia

Depression of 1920–1921 – Wikipedia

In February 1922 after sales had suffered from the depression of 1920–21 and with stiffer competition from International Harvester John Deere J.I. Case Allis-Chalmers and others Ford decided to reduce the price of the Model F from $625 to $395. This sparked a price war in the tractor industry known as…

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