Question

Why did the Great Crash represent a hallmark in the U.S. business cycle?

The Great Crash reflected the fundamental weakness of Herbert Hoover.

The Great Crash signaled a severe contraction of the economy.

The Great Crash signaled a rapid expansion in the economy.

The Great Crash reflected the fundamental strength of the stock market.

Answer 1

The answer is the Great Crash signaled a severe contraction of the economy.

Answer 2

• The Great Crash signaled a severe contraction of the economy.

Step-by-step explanation:

The 1929 financial exchange crash was accelerated by uncontrolled hypothesis in the securities exchange, that the shared factor of every single theoretical scene is the conviction of members that they can end up rich without work and that the propensity towards repetitive theoretical blow out fills no valuable need, but instead is profoundly harming to an economy.