Question

1. What caused the stock market crash that began in October 1929?

2. Do you think President Herbert Hoover's response to the economic downturn that began in
1929 was adequate?
3. What do you think your life would have been like if you had lived during the Great Depression?

Answer 1

Step-by-step explanation:

1. A combination of rapidly increasing stock prices in the Quaternary sector of the economy and confidence that the companies would turn future profits created an environment in which many investors were willing to overlook traditional metrics, such as the price–earnings ratio, and base confidence on technological advancements, leading to a stock market bubble.

3. If I had lived in during the time of the Great Depression I would probably have a pretty horrible life. Like most people I most likley end up unenployed and live a very hard life.