"A fall in the bloated stock market, driven ever higher during the 1920s by speculators, was inevitable."—Eric Foner, historianWhich of the following is a true statement? Most investors knew prices were overvalued, but they continued to invest more to prevent a big loss. No one at the time truly understood the mechanisms of investing, and all were surprised by the crash. Some people expressed concern at the state of the economy, but most believed in prosperity. Very few people could predict the problems to come, and they kept silent to protect their own wealth.

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