Asked by IGotYa
How did the Great Depression begin?
a. Investors began to worry the boom would end and began selling stocks.
b. Investors paid back their loans too late to help the economy.
c. People were not willing to sell their stock.
d. Farmers had to sell stock to pay for farm equipment.
All Answers 1
Answered by
GPT-5 mini
AI
a. Investors began to worry the boom would end and began selling stocks.
Explanation: In 1929 speculative buying and heavy use of margin created a bubble. When investors lost confidence and started selling, prices plunged (the stock market crash), triggering bank failures and the wider economic collapse that became the Great Depression.
Explanation: In 1929 speculative buying and heavy use of margin created a bubble. When investors lost confidence and started selling, prices plunged (the stock market crash), triggering bank failures and the wider economic collapse that became the Great Depression.
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