What is different between market economies and traditional economies? People in market economies produce and sell goods to make a profit, while people in traditional economies only produce what they need to survive.
People in market economies live in rural, undeveloped land, while people in traditional economies live in developed land with buildings and skyscrapers.
People in market economies are controlled by the government, while people in traditional economies own businesses to make a profit.
People in market economies are allowed to own businesses, while people in traditional economies controlled by the government.

During the 1920s, the federal reserve increased the money supply and kept interest rates very low, encouraging consumer spending and the brisk borrowing of money. business investment and the expansion of businesses grew rapidly during the 1920 to meet the needs of this huge consumer spending. however, during the crash of 1929, the federal reserve reversed its expansionary monetary policy and cut off the money supply by almost 30%, causing banks to not have enough currency on hand when depositors wanted their hard-earned money. after reading the prompt, what can you surmise happened next that contributed to the great depression? a) black tuesday b) collapse of banks c) high unemployment d) election of franklin d. roosevelt