QUESTION IMAGE
Question
- based on the text, what is commonly viewed as the start of the great depression?
○ the stock market crash
○ president hoover taking office
○ stocks being sold off for less than they were bought
○ americans panicking and trying to get their money out of banks quickly
- determine the meaning of the word fortunes in the text. *
○ purchased stocks
○ money kept in the bank
○ large amounts of money
○ money loaned out to people
Question 3
The Great Depression is commonly associated with the stock market crash of 1929 as its starting point. President Hoover taking office is not the cause, stocks being sold at a loss is part of the crash's effects, and bank runs happened later as a consequence. So the correct option is the one related to the stock market crash.
The word "fortunes" in the context of the Great Depression (related to stocks and money) typically means large amounts of money. Purchased stocks are assets, money in the bank is savings, and money loaned is credit, none of which match the general meaning of "fortunes" as a large sum of money.
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the stock market crash