Answered

Get reliable answers to your questions at Westonci.ca, where our knowledgeable community is always ready to help. Explore comprehensive solutions to your questions from a wide range of professionals on our user-friendly platform. Connect with a community of professionals ready to help you find accurate solutions to your questions quickly and efficiently.

What was the impact of the stock market crash of 1929 on people in Texas who had little or no money invested in the stock market?
A. They viewed lower stock prices as an opportunity to invest their savings.
B.They moved to other areas of the country, causing the population of Texas to decline.
C. They were able to find jobs because the government provided financial grants to encourage new businesses
D.They lost their jobs as businesses lost money and closed.​

Sagot :

Parrain

Answer: D.They lost their jobs as businesses lost money and closed.​

Explanation:

The Great Depression that started in 1929 affected most if not all Americans regardless of if they had invested in the stock market or not.

This was because banks lost millions when the stock market crashed because they had invested millions either directly or indirectly into stock.

Businesses therefore lost their deposited money in the banks and banks demanded that businesses owing should pay as they hoped to recoup some of their lost money.

This forced businesses to close and so people lost their jobs.

Thank you for trusting us with your questions. We're here to help you find accurate answers quickly and efficiently. Thank you for visiting. Our goal is to provide the most accurate answers for all your informational needs. Come back soon. Your questions are important to us at Westonci.ca. Visit again for expert answers and reliable information.