Question

The stock market crash on _______ caused widespread unemployment and bank failure and was the first symptom of the impending Great Depression. A.October 29, 1929 B. June 6, 1941. C.December 7, 1927 D.September 1, 1931

Answer 1

A. October 1929 has come to serve is as the symbol of the Great Depression. That lasted through the decade.

Answer 2

The correct answer is A. October 29, 1929

Explanation:

A stock market crash occurs as stock prices fall dramatically in a short time which causes serious economic consequences such as major economic depression. In the case of the Great Depression that was one of the most relevant economic crisis in the U.S., this began due to a stock market crash that occurred in October of 1929.

Indeed, by the end of October (around October 29) the stock prices fell and the general market was in crisis; this was caused by previous months and years of overproduction, high stock prices and people buying stocks using credits. As a result, the economy experienced multiple negative changes that included a decrease in production this led to massive unemployment and a social crisis that affected the country during the 1930s.