Answered

How did the crash of the stock exchange in 1929 lead to more regulation for
accounts?
A. The crash exposed a great deal of accounting fraud.
O B. The crash showed that accountants should not invest in stocks.
C. The crash led to the development of an entirely new banking
system.
D. The crash led to the creation of a new constitutional amendment.

Verified Answer :

GinnyAnswer

Final answer:

The crash of the stock exchange in 1929 exposed accounting fraud, triggering the Great Depression and highlighting the need for increased regulation.


Explanation:

The crash of the stock exchange in 1929 led to more regulation for accounts due to exposing a great deal of accounting fraud. As the stock market collapsed, it unveiled underlying issues like rising inequality, overextended investors, and declining demand, triggering the Great Depression. The lack of regulation in the banking and stock market sectors amplified the impact of the crash.


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