Which of the following was NOT a reason for the rapid rise in stock prices in 1928 and 1929?
A.
Widespread faith in the League of Nations inspired international investments.
B.
It was easy to borrow money from banks to buy stocks.
C.
There was no separation between financial institutions that sold stocks and those that held savings.
D.
President Coolidge assured the people that the market was sound.
1 answer
A. Widespread faith in the League of Nations inspired international investments was NOT a reason for the rapid rise in stock prices in 1928 and 1929.