Question

The 'Wall Street Exchange' crashed in 1929 and by 1932 the national income of USA fell by half. True or False ​

Answer 1

Answer:

True ..it is the only answer we can be used in a way to see in better way to change others.

Answer 2

The statement is True.

• The stock market fall of 1929 certainly hasten the worldwide economic collapse of which it was a symptom.
• Many business people and prominent financiers were ruined financially as a result of the economic catastrophe.
• The Dow Jones Industrial standard reached its most negative point during the Great Depression in the year 1932, scarcely finishing at around 40, dropping over 90% from its peak in 1929.
• The rapid stock market collapse that followed the economic crisis had an impact on more than just Wall Street.