Want to know:

1927Last year of production for the Ford Model T. Sales dropped to 1/3 the 1926 level. Even at prices around $200 Ford couldn't maintain sales, and by this point consumers were buying 3- and 4-year old used cars rather than a T because they perceived the used cars as better value--with more features. By the time Ford shut down production of the Model T, the company had sold well over 15 million T's. In fact, the actual number produced was 15,458,781.Closing down production of the Model T meant 100,000 workers lost their jobs. Ford closed when sales flagged, then began the design and tooling changover that produced the new Model A.- Excerpt from "The Automobile Technology 1920-1929" by Bryant University Based on the information provided, which statement BEST describes one cause of the Great Depression?

Get a detailed, AI-powered explanation for this question and thousands more on StudyFetch.