Ask Question
22 August, 20:19

Which was an effect of the booming stock market in the 1920s?

It encouraged people to borrow money to buy stocks.

It raised prices of farmers' crops.

It ended unemployment in the United States.

It made most Americans wealthy.

+5
Answers (1)
  1. 22 August, 22:02
    0
    The answer is: A: It encouraged people to borrow money to buy stocks.

    With the boom, banks began to give loans where they once had not. This risk of borrowing money from the bank was, in most people's view, a rewarding risk.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Which was an effect of the booming stock market in the 1920s? It encouraged people to borrow money to buy stocks. It raised prices of ...” in 📘 History if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers