QuestionDecember 25, 2025

Which of the following were immediate effects of the Stock Market crash of 1929? Select TWO correct answers. A. unemployment reached 30% B. bank failures C. worldwide economic crisis D. New Deal E. loss of consumer confidence

Which of the following were immediate effects of the Stock Market crash of 1929? Select TWO correct answers. A. unemployment reached 30% B. bank failures C. worldwide economic crisis D. New Deal E. loss of consumer confidence
Which of the following were immediate effects of the Stock Market crash of 1929?
Select TWO correct answers.
A. unemployment reached 30% 
B. bank failures
C. worldwide economic crisis
D. New Deal
E.
loss of consumer confidence

Solution
4.5(213 votes)

Answer

B. bank failures E. loss of consumer confidence Explanation The Stock Market crash of 1929 led to immediate economic turmoil, including bank failures and a loss of consumer confidence, as people feared for their financial security. The New Deal and worldwide economic crisis were subsequent developments.

Explanation

The Stock Market crash of 1929 led to immediate economic turmoil, including bank failures and a loss of consumer confidence, as people feared for their financial security. The New Deal and worldwide economic crisis were subsequent developments.<br /><br />
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