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SAT US History Practice Question

The stock market crash of October 29, 1929, had all the following effects EXCEPT:

  1. A.Shareholders were forced to sell their stocks at huge losses.
  2. B.Businesses failed when banks called in loans they could not repay immediately.
  3. C.Brokers demanded immediate payment of money owed to them for stocks purchased on margin.
  4. D.Borrowers began defaulting on their loan payments to banks, triggering widespread bank failures.
  5. E.More and more people began buying on credit because there was a shortage of cash.

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