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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What caused the stock market to crash?
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Germany discontinued reparation payments
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Investors lost confidence (did not trust) in the market
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The Federal Reserve increased the money supply
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Russian hackers were to blame
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Explanation:
Detailed explanation-1: -The stock market crash crippled the American economy because not only had individual investors put their money into stocks, so did businesses. When the stock market crashed, businesses lost their money. Consumers also lost their money because many banks had invested their money without their permission or knowledge.
Detailed explanation-2: -The crash frightened investors and consumers. Men and women lost their life savings, feared for their jobs, and worried whether they could pay their bills. Fear and uncertainty reduced purchases of big ticket items, like automobiles, that people bought with credit.
There is 1 question to complete.