What happened in the stock market October 31 1929?
Answer. The correct answer for your question is Option (C)-The market had totally collapsed. The day October 31 of 1929 was the black day in American history because the induces the longest economic depression in the western world which can also be known as the Great Depression of 1929-1939.Jun 20, 2018
What was the outcome of the stock market crash of October 1929 quizlet?
The stock market crash of October 1929 brought the economic prosperity of the 1920s to a symbolic end. The Great Depression was a worldwide economic crisis that in the United States was marked by widespread unemployment, near halts in industrial production and construction, and an 89 percent decline in stock prices.
What were the results of the 1929 stock market crash quizlet?
(1929)The steep fall in the prices of stocks due to widespread financial panic. It was caused by stock brokers who called in the loans they had made to stock investors. This caused stock prices to fall, and many people lost their entire life savings as many financial institutions went bankrupt.
How did many banks fail consumers in the stock market crash of 1929 quizlet?
How did many banks fail consumers in the stock market crash of 1929? Banks had invested customer savings in the stock market, losing depositors' money in the crash. Banks refused to pass on profits made in the stock market to depositors, keeping the money.
What caused the Great Depression?
What were the major causes of the Great Depression? Among the suggested causes of the Great Depression are: the stock market crash of 1929; the collapse of world trade due to the Smoot-Hawley Tariff; government policies; bank failures and panics; and the collapse of the money supply.
Which event brought on the Great Depression and marked the end of the prosperity of the 1920's?
The stock market crash of October 1929The stock market crash of October 1929 brought the economic prosperity of the 1920s to a symbolic end.
What were the results of the 1929 stock market crash?
In the United States, where the Depression was generally worst, industrial production between 1929 and 1933 fell by nearly 47 percent, gross domestic product (GDP) declined by 30 percent, and unemployment reached more than 20 percent.
What happened as a result of the stock market crash?
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.
What was most important as a cause of the stock market crash of 1929 quizlet?
What was most important as a cause of the stock market crash of 1929? Stocks bought on margin had negative value when prices dropped. Infer how members of the Bonus Army were most likely to feel about President Hoover. Hoover was not doing enough to help people that were suffering.
How long did the Great Depression last?
43The Great Depression / Duration (months)
Which of the following best explains what happens when consumers think the economy is struggling?
People spend less, businesses produce less, and unemployment rises. This best explains what happens when consumers think the economy is struggling.
Which was a direct result of bank failures in the 1920s and 1930s?
Which was a direct result of bank failures in the 1920s and 1930s? Depositors lost their savings.
Answer
The correct answer for your question is Option (C)-The market had totally collapsed.
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