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How Did Americans Respond to the Bull Market Climate on the Eve

Question 25

Multiple Choice

How did Americans respond to the bull market climate on the eve of the great crash in 1929?


A) A general sense of caution about the ability of the market to continue to yield such fantastic dividends caused the market to falter.
B) Average Americans tended not to invest in the market themselves, instead relying on professional stockbrokers to invest their savings.
C) Many Americans looked to the government for guidance on how to invest in such a rapidly growing market.
D) Wild optimism about the continued growth of the stock market led Americans to engage in speculative investing practices.
E) Wary about the danger of "get rich quick" schemes, many Americans carefully guarded their life savings.

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