1. Consumer overspending contributed to and worsened the Great Depression because
consumers were overly reliant on credit
all of these
people were spending money, much they didn’t have
under-consumption when people limited spending to only necessities after stock market crash.
2. What example displays the get rich quick attitude that was a cause of the Great Depression?
the first invention of the “as seen on TV” commercials
consumers deciding to save their money in savings accounts instead of investing in the stock market
financial advisors sending their money to markets in western Europe to avoid the coming economic collapse
investors bought stock with loaned money and couldn’t pay back debt if stock prices fell (market speculation through buying and selling stocks)