87.9k views
13 votes
True or false: no one believed that the stock market was going to crash

User Ldirer
by
4.0k points

2 Answers

4 votes

Answer: True

Step-by-step explanation:

People thought everyone was going to be rich and that the economy would never stop growing. This optimism caused wild speculation in the stock market. Between 1921 and 1929 the stock market had grown by 600% with the Dow Jones Industrial Average rising from 63 points to 381 points.

User Sagar Nikam
by
3.5k points
13 votes

Answer:

true.

Step-by-step explanation:

thats why so many people had stocks and never sold them. they werent expecting it to crash.

User TobiMarg
by
4.3k points