The stock market crash of 1929 was a direct result of

a. a belief in the strength of the economy
b. a lack of confidence in the economy
c. a surge of growth in the economy
d. an underproduction of goods in the economy

Correct answer choice is :

D) An underproduction of goods in the economy

Explanation:

The stock market wreck of 1929 was not the single reason for the Great Depression, but it did work to stimulate the global financial breakdown of which it was also a manifestation. By 1933, almost share of America's lines had collapsed, and unemployment was nearing 15 million people or 30 percent of the workforce.

The stock market crash of 1929 was a direct result ofan underproduction of goods in the economy.

Further Explanations:

The notable reason behind the Stock Market crash of 1929 was the underproduction of goods in the frugality due to the strategies adopted by President Herbert Clark Hoover. His promise speech generated a mess in the share market that raised the cheapest share price to its crest. This rise of worth even beyond its genuine worth resulted in the speculation and unlocked the path of the “Stock marketcrash”. Hoover though was warned about this emergency but he unnoticed it and engaged himself in the employment of the “Federal Reserve System”.

The crash was also a consequence of the “Great Depression” that prevailed in the nation during that era. Due to the sudden crash of the market, the shareholders sold their shares at minimal price. It was estimated that the nation lost almost 396 billion dollars as of today that was more than the total worth of the Second World War. The decline caused bankruptcy and severe economic hitches, including reduction of credit, business cessations, firing of employees, and other disappointing events.

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Answer Details:

Grade: High school

Subject: US History

Chapter: Great Depression

Keywords: Stock market crash, Great Depression, United States, havoc, shareholders, minimal price, Second World War, credit, business cessations, firing of employees,Herbert Clark, speculation, Federal Reserve System, employment

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