Question

How did income inequality in the 1920s contribute to the Great Depression?

Answer 1

Millions of farmers defaulted on their debts, placing tremendous pressure on the banking system. Between 1920 and 1929, more than 5,000 of the country's 30,000 banks failed. A poor distribution of income compounded the country's economic problems.

Step-by-step explanation:

Answer 2

Step-by-step explanation:

Millions of farmers defaulted on their debts, placing tremendous pressure on the banking system. Between 1920 and 1929, more than 5,000 of the country's 30,000 banks failed. ... A poor distribution of income compounded the country's economic problems