anthony6274 anthony6274

10-07-2024
Social Studies

Answered

Question 21 of 25

Which of these was a lasting effect of the stock market crash?

A. There were new forms of money.
B. The market recovered quickly.
C. The cost of living went down.
D. The country experienced a prolonged economic downturn.

Answer :

GinnyAnswer GinnyAnswer

10-07-2024

Final answer:

The stock market crash of 1929 had lasting effects on consumer confidence, business investment, and exposed underlying issues in the American economy.

Explanation:

One lasting effect of the stock market crash was the reduction in consumer confidence and business access to investment. This led to job cuts, bankruptcies, and reduced spending, creating a domino effect throughout the economy. The crash also exposed underlying issues in the American economy such as rising inequality, declining demand, and overextended investors.

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