Question

Why did oil prices drop in the 1930s

Answer 1

Because oil was more abundant and it was cheaper. or it was because of the great depression and the companies need money to stay afloat

Answer 2

♡ The Question ♡

-Why did oil prices drop significantly during the 1930s?

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♡ The Answer ♡

-Large new sources of oil were found in Texas.

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♡ The Explanation/Step-By-Step ♡

-The discovery of new oil fields in Texas dramatically increased supply, which in turn lowered prices by the 1930s.

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♡ Tips ♡

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