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Which of the following is true about the stock market crash in 1929?

A. The crash was more a symptom of the Great Depression than the ultimate cause.
B. The stock market crash was the root cause of the Great Depression.
C. The crash resulted in financial stability and prosperity.



Answer :

GinnyAnswer

Final answer:

The stock market crash in 1929 was a significant event marking the start of the Great Depression, exposing deeper economic issues.


Explanation:

The stock market crash in 1929 was a significant event that marked the beginning of the Great Depression, but it was not the sole cause.

Stock prices had doubled in the final two years of the 1920s and were overdue for a correction. The crash exposed deeper underlying issues in the American economy, including factors like rising inequality, declining demand, rural collapse, and overextended investors.

The crash of Wall Street also had a major impact on the banking system, leading to a series of financial crises, bank failures, and a downward economic spiral.


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