THE GREAT DEPRESSION 1929 1940
PRESIDENT HERBERT HOOVER AND THE GREAT DEPRESSION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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buying real estate as another form of income
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the stock market
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farmers selling land
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the moving assembly line
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Detailed explanation-1: -Investing in the speculative market in the 1920s led to the stock market crash in 1929, which wiped out a great deal of nominal wealth. Most historians and economists agree that the stock market crash of 1929 wasn’t the only cause of the Great Depression.
Detailed explanation-2: -The start of the Great Depression is usually considered the Stock Market Crash of 1929. The market crashed from “over speculation.” This is when stocks become worth a lot more than the actual value of the company. People were buying stocks on credit from the banks, but the rise in the market wasn’t based on reality.
Detailed explanation-3: -The stock market crash of 1929 was not the sole cause of the Great Depression, but it did act to accelerate the global economic collapse of which it was also a symptom.
Detailed explanation-4: -The main cause of the Wall Street crash of 1929 was the long period of speculation that preceded it, during which millions of people invested their savings or borrowed money to buy stocks, pushing prices to unsustainable levels.