Businesses were failing because of overproduction of goods and underconsumption ... underestimated the length and the severity of the Great Depression. It wasn’t the normal cycle of ‘boom ...

Farmers had already been struggling before the Great Depression. During the 1920s, the modernisation of farming, including the use of new fertilisers and farm machinery, had led to overproduction.

The era came to a dramatic and abrupt end in October 1929 when the stock market crashed, paving the way for America's Great Depression ... requisite optimism. This overproduction eventually ...