Which of the following was not a result of the stock market crash in 1929? Group of answer choices People were forced to sell their homes. Banks ran out of money. People lost their savings. Businesses increased population.

Question

History

Annabella

1 October, 16:09

Which of the following was not a result of the stock market crash in 1929? Group of answer choices People were forced to sell their homes. Banks ran out of money. People lost their savings. Businesses increased population.

+5

Answers (1)

Know the Answer?

Ross Chase · Answer 1

The answer is: Businesses increased population.

Explanation:

Stock market crash refers to a sharp decline in the stock prices in a stock market. The decline can cause companies to borrow money in order to raise their funds.

In 1929, a stock market crash happened in the USA. The stock prices decline in four days, which highly affected the economy of the USA. The Wall Street, which powered America's financial sector and used to have a very good reputation, was ruined.

As a result of the crash, many people lost their jobs. In order to have money, they sold their homes and properties. They also lost their savings because they needed to cash on them. Due to this, many banks ran out of money. This led to the so-called "Great Depression."

So, the only option that was not a result of the stock market crash in 1929 is "businesses increased population."

Thus, this explains the answer.