QUESTION IMAGE
Question
- how do you think investors felt when they were forced to sell their stocks for less than they paid?
○ complacent
○ frustrated
○ hopeful
○ greedy
- what caused americans to withdraw their money from the bank? *
○ they hoped to buy the stock at the lower price to make a fortune.
○ they wanted to close all of the banks so their money would be safe.
○ they feared that they could lose their money like the investors had.
○ they worried that herbert hoover would take all the money to give to the poor.
Response
Question 3
Brief Explanations
- "Complacent" means being satisfied and unconcerned, which doesn't fit as investors selling at a loss wouldn't be unconcerned.
- "Frustrated" means feeling annoyed or disappointed due to unmet expectations. Selling stocks for less than paid would lead to disappointment and annoyance, so this fits.
- "Hopeful" implies optimism, but selling at a loss is not a hopeful situation.
- "Greedy" is about excessive desire for wealth, which isn't related to being forced to sell at a loss.
Brief Explanations
- Option 1: Buying stocks at lower prices is about investing, not withdrawing from banks.
- Option 2: People don't withdraw to close banks; they want to protect their money, not close institutions.
- Option 3: During financial crises (like the Great Depression), after investors lost money in stocks, people feared banks would fail and they'd lose their savings, so they withdrew. This matches the context.
- Option 4: There's no historical basis for this; Hoover's policies weren't about taking money for the poor in this way.
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B. frustrated