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8 December, 05:05

Which of these factors led to the stock market crash of 1929? A) high interest rates. B) low tariff barriers C) high taxes D) excessive credit expansion

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  1. 8 December, 07:50
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    D) excessive credit expansion

    These are some of the most significant economic factors behind the stock market crash of 1929. In the 1920s, there was a rapid growth in bank credit and loans in the US.
  2. 8 December, 08:31
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    I believe the answer is: D) excessive credit expansion

    Excessive credit expansion allow a person to obtain high value assets even if they do not have any money to pay for it. This create an economic bubble that eventually popped overtime, creating a massive economic depression that almost drive the nation into bankruptcy.
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