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What caused the economic downturns in the late 1800s?

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User IvanMih
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2 Answers

2 votes

Answer: business made more goods than people have the money to buy

Step-by-step explanation:

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What caused the economic downturns in the late 1800s?-example-1
answered
User Nancy Moore
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7.7k points
6 votes
The correct answer is Businesses made more goods than people had the money to buy

There was a huge increase in production due to the industrial revolution and development of factories. Soon the society entered a period of time where the production was so high that things couldn't be sold so the companies started suffering. When they suffered, so did the people and so did the banks so a huge crisis ensued.
answered
User GarrickW
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6.9k points
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