"The selling pressure was ... coming from everywhere. The wires to other cities were jammed with frantic orders to sell. So were the cables, radio, and telephones to Europe and the rest of the world.
Buyers were very few, sometimes wholly absent."
- Jonathan Norton Leonard, journalist
Read the excerpt and answer the question below.
This excerpt describes the panic selling of stock shares on October 29, 1929. Which statement best explains why people
were desperate to sell their stocks?
a. Share prices were rising very quickly, so stock owners wanted to collect their big profits right
away.
b. Experienced investors were selling large amounts of stock; thousands of other stockholders
followed their lead.
Share prices were falling very rapidly, completely destroying the value of many stocks.
d. Speculators were making vast fortunes, and many people feared that they would lose out on the
stock bonanza.

C.

Explanation:

This is referring to the Great Depression(beginning). The reason the Great Depression happenned was due to overspeculation of industry after WWI. This lead to a large stock fallout after no more WWI materials(or not as many) were needed, leaving factories, businesses, and workers desolate. This lead to a stock drop on wall street in which millions of stockholders decided to pull their investments which further killed the American economy. Then, the federal reserve put more money(by printing cash) into circuit around the country. This caused large deflation which further hurt the economy, leading to the GB. Regardless, it is C.

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in the 1800s, chinese workers migrated to the united states, first to work in the gold mines, but also to take agricultural jobs, and factory work, especially in the garment industry. chinese immigrants were particularly instrumental in building railroads in the american west, and as chinese laborers grew successful in the united states, a number of them became entrepreneurs in their own right. as the numbers of chinese laborers increased, so did the strength of anti-chinese sentiment among other workers in the american economy. this finally resulted in legislation that aimed to limit future immigration of chinese workers to the united states, and threatened to sour diplomatic relations between the united states and china.