9.1 The Nation's Sick Economy

Increased agricultural exports

Superficial prosperity masking underlying weaknesses 

A rise in consumer confidence

Expansion of the mining industry 

They experienced a significant increase in crop prices. 

They were able to pay off their loans easily. 

Demand for their crops decreased, leading to financial strain.

They began to invest heavily in the stock market.

 It was stable with little fluctuation in prices.

It saw a steady rise in stock prices, encouraging more investment.

 It was primarily focused on agricultural stocks.

It was regulated heavily by the government.

Banks were unaffected and continued to operate normally.

Many banks closed due to a loss of deposits and investments. 

Banks became more profitable as people sought loans. 

Only a few banks faced challenges during this period.

The economy was resilient and prepared for potential downturns. 

The economic prosperity of the 1920s was based on unsustainable practices.

The stock market was a reliable indicator of long-term economic health. 

The agricultural sector was the primary driver of economic growth.