Question

Based on what you have read and learned, which of the following factors could have contributed to the 1929 Stock Market Crash?

A. Stockbrokers and others were unable to pay their margin debts.
B. Major banks took no steps to help the market.
C. A general loss of confidence in the stock market occurred.

Answer 1

Stockbrokers and others were unable to pay their margin debts.

A general loss of confidence in the stock market occurred.

Step-by-step explanation:

I answered the question.

Answer 2

A general loss of confidence in the stock market occurred.

Step-by-step explanation:

The Stock Market Crash of 1929 started on October 24th, 1929. It took a span of four days and it is also considered the worst crash in American history. Letter B is incorrect because bankers did take a step by putting their money on the table to try to fix the crisis. Stockbrokers did have an implication in the Crash, but it was more related to the fact that they were not experts in situations like that one. However, the four day-span made people lose confidence in the stock market, showing them that the high rates would not last for ever, as said by Irving Fisher, sometime before the Crash.