United States History
Question of the Day

Stock Market Crash

October 24, 1929: nervous New Yorkers flooded
Wall Street in concern over falling stock prices
(Image Source: National Women's History Museum)

Question 1314127

The Great Depression that followed the Stock Market Crash of 1929 had a devastating impact on the American economy. In the first months after the October 1929 Crash

(A) 40% of Americans in the stock market lost all of their investments
(B) numerous corporations went bankrupt almost immediately
(C) hundreds of banks closed as investors clamored for their money
(D) many speculators used the drop in prices to purchase stocks at low prices and thus make huge gains
(E) it had little immediate effect on the overall economy

To view the answer and an explanation, click here.