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another american history question?
Which of the following does not explain the stock market crash of 1929?
-Some people had invested in risky ventures and, after 1927, began looking for quick wealth opportunities in the stock market.
-Margin buying overstated the real amount of money in the market, when investors did not put up the full price of the stock.
-Government regulation of stock issues was very lax, allowing unscrupulous companies to sell stock in almost nonexistent enterprises.
-The abrupt withdrawal of millions in foreign investments from Britain and France caused a serious credit contraction.
-Land booms in some parts of the country had falsely elevated land prices.
Iv been looking all over!
3 Answers
- bob nLv 71 decade agoFavorite Answer
It was one of the last two. I am not off handedly knowledgeable in either two subjects. The latter one seems believable because it was a time of speculation. I don't know about European banks. There was very little regulation of stocks by the government so that is true as are the first two choices... hope it helps.
- ?Lv 44 years ago
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