How were people who had not invested in the stock market affected by the crash? A. They found themselves as being much wealthier
than before B. They were largely unaffected C. They were able to open up new businesses more easily D. Banks had invested, which lost most of their money
D. Banks had invested, which lost most of their money.
Explanation:
The stock market crash did not affect only those who had invested in the market. It also affected people who, at a first glance, seemed to have no direct connection with it whatsoever. First, we must remember that there were businesses which invested and depended on the market. If those businesses were affected, then the people who worked for them were also affected. Second, what many people do not realize is that banks use their customers' money to invest in the market. Thus, people who had never invested on their own lost all their money because their bank had used it for investments.
Your friend is committing an illogical reasoning error.
<u>Explanation:
</u>
An illogical reasoning error is most of the time committed knowing full well. The purpose behind that is either deceiving the other person or just trying to play a fool.
Such an error is characterized by wrong propositions or an exhibition of funny rationale which can be easily deemed as irrelevant to the incident encountered.
Illogical reasoning is most evident in small children.
- Mongols made largest empire of the time. - made closer connections across Eurasia. - Increased the rate of technology and crop exchange, mixing of all people, spread of epidemic disease. - Mongol resistence of other religions got easier to spread of religion.
