Read the question and select the best answer.
How did people first react to the stock market crash?
A. They invested in other stocks.
B. They withdrew their cash from banks.
C. They protested stock market management.
D. They sought government aid.
Answer (2)
Immediately following the stock market crash of 1929, people primarily reacted by withdrawing their cash from banks due to fear and uncertainty. This mass withdrawal contributed to the economic collapse known as the Great Depression. Such reactions underscore the psychological impact of financial instability. ;
Following the stock market crash of 1929, the primary reaction among the people was to withdraw their cash from banks due to fear of losing their savings. This widespread panic worsened the financial crisis and marked the beginning of the Great Depression. Therefore, the best answer is B. They withdrew their cash from banks.
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