HISTORY
THE WORLD BETWEEN THE WARS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What happened in the U.S. on October 24 of 1929?
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the stock market crashed
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Roosevelt was elected President
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Great Britain paid back all the money they owed us and there was a national celebration
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we banned immigration from the U.S.S.R. because we feared Communism
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Explanation:
Detailed explanation-1: -Panic selling began on “Black Thursday, ‘’ October 24, 1929. Many stocks had been purchased on margin-that is, using loans secured by only a small fraction of the stocks’ value. As a result, the price declines forced some investors to liquidate their holdings, thus exacerbating the fall in prices.
Detailed explanation-2: -The stock market crash of October 1929 led directly to the Great Depression in Europe. When stocks plummeted on the New York Stock Exchange, the world noticed immediately.
Detailed explanation-3: -"Great Depression.” Federal Reserve History. “Stock Market Crash of 1929."
There is 1 question to complete.