Prior to the Stock Market Crash in October 1929,what Were

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The Answer is Prior to the stock market crash in October 1929, the major weaknesses in the economy of the late 1920s included overproduction and underconsumption, unequal distribution of wealth, and the reliance on credit and speculation.

Overproduction and underconsumption occurred as industries were producing more goods than consumers could afford to buy. This led to a surplus of goods and declining prices, which in turn caused businesses to reduce production and lay off workers, exacerbating the problem.

The unequal distribution of wealth meant that the majority of the population had limited purchasing power, while a small percentage of the population held most of the wealth. This further contributed to the issue of underconsumption.

The reliance on credit and speculation also played a significant role in the weaknesses of the late 1920s economy. Many people were buying stocks "on margin," meaning they were borrowing money to invest in the stock market. This led to inflated stock prices and a speculative bubble that eventually burst with the stock market crash.

These weaknesses, among others, contributed to the economic instability that ultimately led to the Great Depression.

Prior to the Stock Market Crash in October 1929,what Were

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Prior to the Stock Market Crash in October 1929,what Were

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