An analysis of stock market prices during 1929 to 1930 indicates that
A) the stock market crash of October 1929 was the cause of the Great Depression of the 1930s.
B) stock market prices rose steadily throughout the entire year of 1930.
C) after recovering most of its value from the crash of October 1929, stock prices again declined steadily during the debate and passage of the Smoot-Hawley trade bill.
D) after the crash of October 1929, the Smoot-Hawley trade bill marked the beginning of a steady recovery of the stock market.

Question

Quizplus · Accepted Answer

The analysis of stock market prices during 1929 to 1930 indicates that after recovering most of its value from the crash of October 1929, stock prices began to decline steadily during the debate and passage of the Smoot-Hawley trade bill. Therefore, choice C is the best answer. The stock market crash of October 1929 was the trigger event, but the Smoot-Hawley trade bill contributed to the worsening of the Great Depression rather than causing the recovery of the stock market. Choice A, B, and D are incorrect.

An Analysis of Stock Market Prices During 1929 to 1930