Final answer:
The crash happened after a sharp decline in stock prices is true.
Step-by-step explanation:
The statement is True. A crash in the stock market usually occurs after a period of declining stock prices. When stock prices sharply decline, it can lead to panic selling as investors rush to sell their stocks, causing further price declines. This can then trigger a stock market crash, characterized by a significant drop in stock prices and a general decline in economic activity.
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