The Stock Market Crash of 1929 Probably Contributed ____ to the Great

question 6

Multiple Choice

The Stock Market Crash of 1929 probably contributed ____ to the Great Depression because _____.

• A) little, it did no more than wipe out the speculative gains made earlier.
• B) little, the Fed responded by increasing the money supply.
• C) a good deal, corporations could no longer raise investment funds.
• D) a good deal, consumer confidence and spending on durables were reduced.

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Definitions:

Land Rent

Payment made to the owner of land for the right to use the land, distinct from payments made for buildings or other improvements.

Henry George

A 19th-century economist known for his advocacy of a single tax on land value to improve social equity.

Land Rent

The payment made for the use of land, typically based on its value and location.

Products Produced

The goods and services created as a result of the production process by an individual, company, or economy.