Question
All of the following were circumstances leading up to the Great Crash of 1929 except _____.
many U.S. citizens purchased consumer goods such as refrigerators on credit
many farmers were suffering financially
many industries could not keep up with the demand for their products
stock prices were steadily increasing
many U.S. citizens purchased consumer goods such as refrigerators on credit
many farmers were suffering financially
many industries could not keep up with the demand for their products
stock prices were steadily increasing
Answers
GPT-4o mini
All of the following were circumstances leading up to the Great Crash of 1929 except "stock prices were steadily increasing."
While stock prices were rising before the crash, this increase is often viewed in the context of speculation and an unsustainable market bubble rather than being a cause of the economic conditions that preceded the crash. The other options reflect underlying economic issues that contributed to the instability of the market at that time.
While stock prices were rising before the crash, this increase is often viewed in the context of speculation and an unsustainable market bubble rather than being a cause of the economic conditions that preceded the crash. The other options reflect underlying economic issues that contributed to the instability of the market at that time.