Answer: Some of the trigger factors included: Drought conditions that ravaged agricultural regions worldwide Low credit availability that added to debt by borrowing Deflation in prices of consumer goods made worse by a drop in wages
Explanation:
Unemployment tends to rise quickly, and often remain elevated, during a recession. With the onset of recession as companies face increased costs, stagnant or falling revenue, and increased pressure to service their debts they begin to lay off workers in order to cut costs.
