Economics Question:
Download Questions PDF

What caused the Great Depression?

Economics Interview Question
Economics Interview Question

Answer:

The business boom of the 1920s made people overly confident therefore, they invested their money in risky stocks and deals. In addition, banks made careless loans and soon failed when people could not pay them back. Third, businesses produced more goods than were wanted and they could not sell or make a profit. Lastly, human workers / jobs were becoming replaced by machines and people could not find work.

Download Economics Interview Questions And Answers PDF

Previous QuestionNext Question
How tourism is an upcoming industry?Is there a difference between corporate profit maximization and maximization of shareholder wealth?