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Question
The US stock market exchange faced a huge crash in the year ___________.
The US stock market exchange faced a huge crash in the year ___________.
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Solution
The correct option is A 1929
In 1929, the US stock market exchange faced a huge crash when people began to sell their stocks after sensing a decline in the prices. Due to this, the stock prices fell by 33% between September and November of 1929. There was a decline in demand for goods, which led to a decline in production and shut down of factories. Eventually, people’s purchasing power began to reduce due goods becoming expensive. The cyclical effect of demand and price fluctuations caused massive unemployment.
In 1929, the US stock market exchange faced a huge crash when people began to sell their stocks after sensing a decline in the prices. Due to this, the stock prices fell by 33% between September and November of 1929. There was a decline in demand for goods, which led to a decline in production and shut down of factories. Eventually, people’s purchasing power began to reduce due goods becoming expensive. The cyclical effect of demand and price fluctuations caused massive unemployment.
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