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Which of the following does not qualify as a fundamental cause of the Depression? "Get-rich-quick schemes" stocks, real estate Drop in farm prices Bank failures Increased inventory of goods

Ask by Gibbs Powell. in the United States
Dec 16,2024

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"Get-rich-quick schemes" stocks, real estate do not qualify as a fundamental cause of the Depression.

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During the late 1920s, the stock market was booming, and many were lured into get-rich-quick schemes, believing that investing in stocks and real estate would lead to instant wealth. However, this speculative bubble ultimately contributed to market instability and the subsequent crash, rather than being a fundamental cause of the Depression itself. While drops in farm prices, bank failures, and increasing inventory reflected deeper economic issues, the get-rich-quick mentality was more about misguided optimism and speculation than a root cause of the economic downturn. This serves as a cautionary tale about the dangers of unbridled speculation in times of economic euphoria!

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