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What TWO factors played a role in causing the New York Stock exchange to "crash" in 1929?Choose TWO correct answer choices.Group of answer choicesThere was a wave in bankruptcies and a rush to sell stocksThe "Great Miami Hurricane" caused an immediate decrease in stock pricesClose to $15 Billion was lost in investments on "Black Tuesday"Close to 4,000 banks closed down on "Manic Monday" PreviousNext

Question

What TWO factors played a role in causing the New York Stock exchange to "crash" in 1929?Choose TWO correct answer choices.Group of answer choicesThere was a wave in bankruptcies and a rush to sell stocksThe "Great Miami Hurricane" caused an immediate decrease in stock pricesClose to $15 Billion was lost in investments on "Black Tuesday"Close to 4,000 banks closed down on "Manic Monday" PreviousNext

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Solution

The two factors that played a role in causing the New York Stock exchange to "crash" in 1929 are:

  1. There was a wave in bankruptcies and a rush to sell stocks.
  2. Close to $15 Billion was lost in investments on "Black Tuesday".

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The Great Depression is often blamed on the October 1929 Stock Market Crash, but the economy of the 1920s featured all of the following weaknesses EXCEPTGroup of answer choicesSaturated markets for automobiles and home construction towards the end of the decadeRelatively low “purchasing power” because one-half of American families lived on the edge of subsistenceA decline in the number of movie-goers that led to hard times for the film industryHighly-competitive “sick” sectors such as coal, textiles, and agriculture

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