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All of the following contributed to the start of the Great Depression EXCEPT E people buying goods on Installment plans B companies overproducing goods stocks being bought on margin (borrowed money) D overconsumption by families and individuals

Question

All of the following contributed to the start of the Great Depression EXCEPT E people buying goods on Installment plans B companies overproducing goods stocks being bought on margin (borrowed money) D overconsumption by families and individuals

All of the following contributed to the start of the Great Depression EXCEPT
E people buying goods on Installment plans
B companies overproducing goods
stocks being bought on margin (borrowed money)
D overconsumption by families and individuals

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Answer

The answer is **D. Overconsumption by families and individuals**.<br /><br />While overconsumption can contribute to economic instability, it wasn't a primary cause of the Great Depression. The other options were significant factors:<br /><br />* **A. Installment plans:** Widespread use of credit allowed people to buy goods they couldn't afford, leading to massive debt when the economy faltered.<br />* **B. Overproduction of goods:** Factories produced more goods than consumers could buy, leading to falling prices and business failures.<br />* **C. Buying stocks on margin:** This inflated the stock market bubble, and when the market crashed, investors lost heavily, contributing to the banking crisis.<br />
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