Which of the following best summarizes American economic issues at the end of the 1920s?

By the end of the 1920s, businesses were producing more goods than consumers could buy, while many people relied on credit to keep purchasing. Stock speculation drove share prices upward beyond their underlying value, and banks were vulnerable to risky lending and investment. Together, these problems are summarized by “overproduction, too many credit purchases, stock speculation, and bank failures.”

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