The four economically unsound business practices which was used by corporations during the 1920s are:
- 1. American industries produced more than what was bought by American public
- 2. Automation increased unemployment
- 3. Many corporations released misleading or false information to their stockholders
- 4. Savings accounts were not insured. If a bank failed, all the depositors lost their money.
In the period of 120s in American history just before the Great Depression, there were many unsound economic practises which were done by the people as they negatively influenced the economy.
Some of them included overproduction, automation, stock misinformation, lack of insurance, and many more as they led to inflation and the crash of the economy.
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