Question

At the start of the Great Depression, Black Tuesday occurred when

(A) investors began to buy large numbers of stocks on margin
(B) bankers responded to Black Th ursday by off ering loan and mortgage
forgiveness
(C) President Hoover declared a national bank holiday to stabilize the
market
(D) investors raced to sell their stock holdings
(E) the Federal Reserve moved off the gold standard

Answer 1

The answer is D Investors raced to sell their stock holdings.

Answer 2

At the start of the Great Depression, Black Tuesday occurred when "(D) investors raced to sell their stock holdings," since this is what led to the "Great Crash" of the stock market in 1929.