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.com/static/nb/ui/index.html?nblde650722&nbNodeldz; 241012929&depl; A v ng MINDTAP ivity: The Election of 1928 and End of the New Era ue Today at 11:59 PM CST Dear Diary, Ever since I served as administrations, I have believed in the importance of during the Harding and Coolidge for both business and government, and I was very confident that I could work in the same vein to lead the country successfully. That's why I appointed a cabinet of businessmen and promising young professionals, who advocated a nation's probiems. approach to solving the I was, therefore, stunned on tumultuous days that followed, I told my fellow Americans that the crisis would right itself within that I was terribly mistaken. , when the stock market crashed. In the without governmental interference, but as the crisis rolls on, I fear If I could make one wish, it would be for history to judge me more kindly than those presently suffering the ill effects of this great calamity In what way did stock speculation in the late 1920s affect the world economy? O Investors enthusiasm falsely inflated the value of German bonds. O Some Atied nations used loans from the United States to make risky investments that they then O American bankers were more interested in investing in the domestic market than they were in making International loans

Explanation / Answer

Stock Speculation and buying on margin made the stock market very unstable. Investors made risky investments with very little money to back them up and the stock market became overvalued.

People did not adequately consider a stock's value but instead made risky investments based on the bull market. Speculations and buying on margin madse the stock market increasingly unstable. And thus Investors enthusiasm to earn more falsely inflated the value of the German Bonds

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