Question

Select all the correct answers. Multiple choice answer

Why did the American stock exchange collapse?
1)famine and droughts
2)industrial slowdown
3)decrease in consumer spending
4)closure of factories
5)attack on American ships

Answer 1

3 decrease in consumer spending

4 closure of factories

5 attack on American ships

The American stock market collapse of 1929, also known as the Wall Street Crash, was primarily caused by a combination of factors including a decrease in consumer spending, closure of factories, and the attack on American ships. It was not caused by famine and droughts or industrial slow down