Answered

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What was the impact of the stock market crash of 1929 on people in Texas who had little or no money invested in the stock market?
A. They viewed lower stock prices as an opportunity to invest their savings.
B.They moved to other areas of the country, causing the population of Texas to decline.
C. They were able to find jobs because the government provided financial grants to encourage new businesses
D.They lost their jobs as businesses lost money and closed.​

Sagot :

Parrain

Answer: D.They lost their jobs as businesses lost money and closed.​

Explanation:

The Great Depression that started in 1929 affected most if not all Americans regardless of if they had invested in the stock market or not.

This was because banks lost millions when the stock market crashed because they had invested millions either directly or indirectly into stock.

Businesses therefore lost their deposited money in the banks and banks demanded that businesses owing should pay as they hoped to recoup some of their lost money.

This forced businesses to close and so people lost their jobs.

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