Which one of these factors led to the market crash of 1929? A) high interest rates B) low tariff barriers C) high taxes D) exces

Question

Scorpion4ik [409]

3 years ago

14

Which one of these factors led to the market crash of 1929? A) high interest rates B) low tariff barriers C) high taxes D) exces

sive credit expansion

History

2 answers:

Klio2033 [76] · Answer 1 · 2022-02-08T09:44:12+03:00

The answer is option D "excessive credit expansion." Credit expansion is the policy where the central bank produces additional money<span> in order to purchase debt from the government or from entrepreneurs, such as banks. So, if banks kept producing money it would lead to market crash, and in this case it did.

Hope this helps!
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Kaylis [27] · Answer 2 · 2022-02-08T07:27:19+03:00

Kaylis [27]3 years ago

3 0

I'm not sure but I think the answer is d