Question

Which best explains what had happened by October 31, 1929, in the stock market?
The market had a rally.
The market had lost much of its value.
The market had totally collapsed.
The market had slowly inched upward.

Answer 1

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.

On 29th October of 1929, NYSE lost billions of dollars and lost many of its investors as the investors traded some 16 million shares on the NYSE. This ultimately lead to the fall of NYSE.

Answer 2

Answer:

Explanation:

B) the market had lost much of its value

explanation- I got it right on edg