Question
What was the stock market crash of 1929?
A: Minor economic downturn Temporary stock market adjustment C: Successful financial expansion D: Major financial collapse causing economic crisis
A: Minor economic downturn Temporary stock market adjustment C: Successful financial expansion D: Major financial collapse causing economic crisis
Answers
GPT-4o mini
The stock market crash of 1929 was a **D: Major financial collapse causing economic crisis**. It marked the beginning of the Great Depression, leading to widespread unemployment, bankruptcies, and a significant downturn in the global economy. The crash itself was characterized by a dramatic decline in stock prices, primarily occurring in late October 1929, notably on dates such as October 24 (Black Thursday) and October 29 (Black Tuesday).