Question

The Great Crash can be attributed to all of the following reasons EXCEPT a. many people had gone into debt buying consumer items on credit. b. the practice of making high-risk investments with borrowed money. c. the small number of people buying stock on margin. d. a relatively few companies and families held much of the nation’s wealth.

Answer 1

It would have to be C. For answer A, people going into debt while not being able to pay back te money caused bank failures (Credit). B looks like the same as A, risky loans made by banks to people who are unable to pay them off. Answer C is incorrect because MANY people were not aware of the stok market crash and asked their broker to hand them money. When the broker issued a frantic margin call, other brokers started calling and pretty much everyone had to sell at the same time, which issued the crisis. D is correct and is still happening today.

Answer 2

Answer:

the small number of people buying stock on margin

Explanation: