In the Year After the Stock Market Crash of 1929

Multiple Choice

In the year after the stock market crash of 1929, stock prices on average ___.

A) were lower than they had been in decades.
B) were lower than in 1929 but higher than in the mid-1920s.
C) rebounded to a level higher than in 1929.
D) cannot be reliably calculated because no buyers could be found for many stocks, and hence no prices were reported.