Question

1929 Drop in Stock Market

400
300
200
100
0
10/1/1929
10/11/1929
10/21/192
10/31/1929
11/10/1929
11/20/12/
Which best explains what had happened in general by the end of October 1929 in the stock market?
O The market had an overall rally.
O The market had lost much of its value.
O The market had totally collapsed.
O The market had slowly inched upward.

Answer 1

By the end of October 1929, the stock market had lost much of its value.

Step-by-step explanation:

By the end of October 1929, the stock market had lost much of its value. The graph provided shows a significant drop in the stock market from 400 to 100 by October 31, 1929. This was the start of the stock market crash that eventually led to the Great Depression.

Learn more about Stock market crash in 1929