Question

How did increased individual debt among Americans contribute to the Great Depression?

A. Businesses increased workers’ salaries too much in an effort to help them pay off their debts.
B. Stock market investors refused to invest in companies that served customers who were in debt.
C. Governments removed protective tariffs to encourage Americans to borrow from overseas banks.
D. Consumers with high levels of debt could not pay their bills if they were unemployed for even a short time.

Answer 1

D. Consumers with high levels of debt could not pay their bills if they were unemployed for even a short time.

Answer 2

Increased individual debt among Americans contribute to the Great Depression since consumers with high levels of debt could not pay their bills if they were unemployed for even a short time.

The Great Depression was the worst economic downturn in the history of the industrialized world, which protracted from 1929 to 1939. It kicked off after the stock market crash of October 1929, which sent Wall Street into a panic and wiped out millions of investors.