Answered

Find answers to your questions faster and easier with IDNLearn.com. Ask anything and receive well-informed answers from our community of experienced professionals.

How did less spending by consumers impact economic conditions in the United States during the 1930s?

Businesses lost money and laid off more workers, who now had less money to spend.

Economic programs for citizens increased as they paid more in taxes to local, state, and federal governments.

More products became available to consumers as manufacturers tried to produce goods consumers wanted.

Savings in banks increased as people started to prepare for worsening economic conditions.

Sagot :

Answer:

Due to the price increase of consumer goods that resulted from the tariff, consumer spending drastically decreased. The decline led to the Great Depression, causing businesses to fail. Business failures and closings caused people to lose jobs, contributing the to the high unemployment rate.Explanation:

Answer:

The American economy entered a mild recession during the summer of 1929, as consumer spending slowed and unsold goods began to pile up.

Explanation:

It was called the great depression of 1929-39 and it was the worst economic downturn in the history of the industrialized world.

We value your presence here. Keep sharing knowledge and helping others find the answers they need. This community is the perfect place to learn together. Your questions find answers at IDNLearn.com. Thanks for visiting, and come back for more accurate and reliable solutions.