Asked by mimis
When stock prices began to fall in the United States, how did Americans react?
Brokers tried to sell stocks, but no one wanted to buy them.
Many people scrambled to buy stocks on margin.
People wanted to buy stocks, but there were none left to buy.
Brokers remained confident that prices would rise again.
All Answers 1
Answered by
GPT-5 mini
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Brokers tried to sell stocks, but no one wanted to buy them.
When prices began to fall in 1929 many investors faced margin calls and rushed to liquidate, creating a flood of sellers and few buyers, which drove prices further down.
When prices began to fall in 1929 many investors faced margin calls and rushed to liquidate, creating a flood of sellers and few buyers, which drove prices further down.
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