Of all the causes of the stock market crash of October 1929, the greatest culprit was:
A) Hoover's tax policies
B) the weak foundation of the 1920s economy
C) international monetary policy
D) unethical practices on Wall Street
E) union influences on business

Question

Quizplus · Accepted Answer

The weak foundation of the 1920s economy, including overproduction, unequal distribution of wealth, and excessive speculation led to the crash. While unethical practices on Wall Street and international monetary policy certainly played a role, they were not the primary cause. Hoover's tax policies and union influences on business were not significant enough factors to be considered the greatest culprit.

Of All the Causes of the Stock Market Crash of October