Strongly
enthusiastic characterizes the perspective most investors had of the
stock market in the first half of 1929.
On Tuesday October 29th,
1929, a stock market crash cost the market about 12 percent of its value.
Although the loss was staggering, it was only a portion of the loss that was to
occur in the following 3 years. In 1932 the DJIA reached a low of just 11% of
its high in 1929, or a loss of roughly 89%. It reached a high of 381.17 in
early September of 1929 and a low of 41.22 in July of 1932. Although we can
recognize some of the conditions that helped to fuel the stock market crash of
1929, what set it off is harder to determine.
The correct answer between all
the choices given is the second choice or letter B. I am hoping that this
answer has satisfied your query and it will be able to help you in your
endeavor, and if you would like, feel free to ask another question.
