What economic factors and conditions converged in the late 1920s to plunge the United States into the Great Depression?© BrainMass Inc. brainmass.com August 18, 2018, 1:07 am ad1c9bdddf
Although the United States' economy had expanded rapidly in the 1920s and seemed prosperous, its growth and prosperity rested on many unstable conditions.
1. Farmers had acquired too much debt expanding after World War I and were producing more crops than they could sell domestically or internationally. They ...