History, asked by ujjwalmehta1805, 1 year ago

When stock prices began to fall in the United States how did Americans react

Answers

Answered by rjhicks2010
34

When stock prices began to fall in the United States, these people called the brokers tried to sell stocks, but nobody wanted to buy them. So the Americans did not react much. Hope this helps!!!!

Answered by skyfall63
3

The reactions of Americans when stock prices began to fall in the United States.

  • The stock prices began to fall in the United States on 24th October 1929.
  • The American economy was in great danger.
  • Americans started selling their businesses and cash from their life savings. When the stock market failed, the brokers started asking for their loans back.
  • It became hard for people to find money so that they could pay for their margins. Their entire faith in Wall Street was gone.
  • Stock market refers to the mixture of sellers and buyers where ownership claim on the businesses is represented.

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