What happened when the stock market crashed in October of 1929?

A. Most banks panicked and bought more stocks.
B. Most investors panicked and sold all their stocks.
C. Most investors calmly put their money into banks.
D. Most banks calmly invested to help the stock market.

The Stock Market Crash of 1929 was one of several factors that helped to crash the US economy and lead to the Great Depression of the 1930's. When the price of stocks started to plummet at a rapid pace, many investors worried that if they didn't sell their stocks right away, they would only continue to lose money on their stocks. When this type of panic hit many investors froze and refused to buy new stocks. The loss of money on these stocks resulted in investors not being able to pay their loans to the banks (whom they borrowed money from to buy stocks).

What happened when the stock market crashed in October of 1929? A. Most banks panicked and bought more stocks. B. Most investors panicked and sold all their stocks. C. Most investors calmly put their money into banks. D. Most banks calmly invested to help the stock market.

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What happened when the stock market crashed in October of 1929?

A. Most banks panicked and bought more stocks.
B. Most investors panicked and sold all their stocks.
C. Most investors calmly put their money into banks.
D. Most banks calmly invested to help the stock market.