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Free_Kalibri [48]
3 years ago
15

In 3–5 sentences, explain 2 causes and 2 effects of the stock market crash of 1929.

History
2 answers:
expeople1 [14]3 years ago
8 0

Answer:

The event is also known as Wall Street Crash of 1929.

Explanation:

One of the main factors that caused the crash was the overproduction of agriculture produce, which created disparity among farmers.

Another factor was speculation: it was believed that the stock market would rise forever.

On the other hand, in 1933, the U.S. Congress mandated a separation between commercial banks and other securities.

Another effect was The New Deal, which was the plan that helped the U.S. stop the crisis This New Deal consisted in different strategies created by Franklin D. Roosevelt and the people around him.

gogolik [260]3 years ago
7 0

Answer: The stock market crashed due to low wages and proliferation of debt. The effects of the stock market crashing was that the market lost 30 billion market value, and also led to the Great Depression.

Hope this helps!

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sergey [27]
Hi there. The way this question is stated is going to need some input from you to infer what was meant by the language.

This answer would be True. Because opportunity cost means more of one and less of another in simple terms, since in an economy we cannot utilize all of our resources at one time.

But I would caution that the language is in the simplest of terms! Since a more thorough definition would be that opportunity cost is the amount lost by not taking the next-best alternative. If your teacher and lesson usually describe opportunity cost and other terms simply, then I would say to go for it and choose True.
But if your lesson seems to be strict on definitions, then maybe that isn't the best definition. I would say it is good enough though because although simple, it does encompass the whole idea.

I hope this helps!
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