Although the Collapse of Prices on the New York Stock

question 56

Multiple Choice

Although the collapse of prices on the New York Stock Exchange in October 1929 caused severe problems in the United States,it had immediate and disastrous consequences in Europe because:

• A)European royalty was the primary source of investment capital on Wall Street.
• B)the central banks of all European countries had invested heavily in American companies.
• C)the United States had become a primary international creditor during World War I.
• D)national European exchanges were not large enough to handle the influx of investors.
• E)European stock exchanges listed the same stocks and therefore crashed with New York.

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Definitions:

Vestibular Folds

Folds of mucous membrane situated above the vocal cords in the larynx, also known as false vocal cords.

Larynx

The voice box, located in the throat, which contains the vocal cords and is involved in breathing, producing sound, and protecting the trachea.

Glottis

The part of the larynx consisting of the vocal cords and the slit-like opening between them, involved in producing vocal sounds.

Epiglottis

A leaf-shaped flap of cartilage located behind the tongue, which closes over the windpipe during swallowing to prevent food from entering the airways.