Question

Which of the following was a major result of the Stock Market Crash of 1929?

A. Many Americans increased their spending.


B. Many Americans lost their savings.


C. Many Americans began placing all of their money in banks.


D. Many Americans purchased new Ford automobiles to travel the country.

Answer 1

Explanation:

option a is right ।।।।।।।।।।

Answer 2

Explanation:

The stock market crash of 1929 was not the sole cause of the Great Depression, but it did act to accelerate the global economic collapse of which it was also a symptom. By 1933, nearly half of America's banks had failed, and unemployment was approaching 15 million people, or 30 percent of the workforce.