How did North Carolina's tobacco industry fare during the Depression?
It did extremely well, unlike many other industries.
o It remained steady at pre-Depression levels.
O It sharply decreased and suffered heavy losses.
o It did well, but it mostly made minimal profits.

It sharply decreased and suffered heavy losses.

Explanation:

Tobacco, like most industries in America, saw its prices plummet and farmers take heavy losses. Before the Depression, farmers had tried to capitalize on the prosperity of the 20s by producing a lot of tobacco. So much so that they overproduced and tobacco prices fell before the Depression.

When the Depression then came, they fell even harder. Tobacco was traded was 86 cents a pound in 1919 was trading for 9 cents in 1931. Sometimes farmers did not even make enough to justify the cost of production. This went on till some government policies enacted by Roosevelt with the New Deal.

a

Explanation:

a