Question

In September 1929, which groups panicked over the general leveling off of stock prices?

a. Government officials and regulators, who had always been wary of the volatility of the stock market.
b. Those who had borrowed or lent money to buy stocks, because a fall in prices ensured that they would not recoup their investment.
c. Socialists and labor unions, both of which seized on the imminent crisis to express their critiques of society and desires for reform to the whole nation.
d. Both the Republican and Democratic Parties, because they had used the health of the stock market throughout the 1920s to justify their policies.

Answer 1

B

Step-by-step explanation:

Those who had borrowed or lent money to buy stocks, because a fall in prices ensured that they would not recoup their investment.