Based on the excerpt and your historical knowledge, why did the stock market crash make Americans lose confidence in business? a. Other industries became more successful and provided needed jobs. b. Most successful business owners refused to assist those in need. c. Americans realized that business was not immune to failure and could collapse. d. Average Americans became the victims of unethical business owners.

Question

Social Studies

Giggles

26 May, 08:53

Based on the excerpt and your historical knowledge, why did the stock market crash make Americans lose confidence in business? a. Other industries became more successful and provided needed jobs. b. Most successful business owners refused to assist those in need. c. Americans realized that business was not immune to failure and could collapse. d. Average Americans became the victims of unethical business owners.

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Answers (1)

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Damari Olsen · Answer 1

C. Americans realized that business was not immune to failure and could collapse

Explanation:

Business can be explained or refers to the efforts and activities of an individual in producing and selling goods and services for profit, simply because of making money or making a living.

It should be understood that there are many types of business, and some of them are sole proprietorship, partnership, corporation, and Limited Liability Company.

In this case, initially, the Americans thought business has immunity against failure and can never collapsed, but their orientation changed after the incident.

Note that the question is incomplete, the remaining part is below

We thought American business was the Rock of Gibraltar. We were the prosperous nation, and nothing could stop us now. A brownstone house was forever. You gave it to your kids and they put marble fronts on it. There was a feeling of continuity. If you made it, it was there forever. Suddenly the big dream exploded. The impact was unbelievable.