[Answer] 3. On October 16, 1929, a Yale Economics professor announced: "Stocks have reached what looks like a permanently high plateau." In a very short while the stockmarket crashed, triggering what notorious phenomenon of the 1930s?

Step 1 : Introduction to the question "3. On October 16, 1929, a Yale Economics professor announced: "Stocks have reached what looks like a permanently high plateau." In a very short while the stockmarket crashed, triggering what notorious phenomenon of the 1930s?"

...1. The Great Depression 2. The Dust Bowl 3. World War Two 4. Prohibition Irving Fisher (1867-1947) was a professor of economics at Yale University when he made this prediction. Actually, the stock market had peaked in September of 1929 and had already fallen steeply by the time he made the comment. Furthermore, he stood by his prediction and on October 23, the day before the massive stock market crash sent the US economy, and many other national economies, plummeting, he assured a bankers' meeting that "security values in most instances were not inflated." For several months after the crash he continued to assert that recovery was just around the corner. In reality, many national economies were in severe slumps for much of the 1930s. Fisher's appraisal of this situation tarnished his reputation as an economist for the rest of his lifetime.

Step 2 : Answer to the question "3. On October 16, 1929, a Yale Economics professor announced: "Stocks have reached what looks like a permanently high plateau." In a very short while the stockmarket crashed, triggering what notorious phenomenon of the 1930s?"

The Great Depression:

Please let us know as comment, if the answer is not correct!

Step 3 : Disclaimer & Terms of Use regarding the question "3. On October 16, 1929, a Yale Economics professor announced: "Stocks have reached what looks like a permanently high plateau." In a very short while the stockmarket crashed, triggering what notorious phenomenon of the 1930s?"

Our machine learning tool trying its best to find the relevant answer to your question. Now its your turn, "The more we share The more we have". Share our work with whom you care, along with your comment ...Kindly check our comments section, Sometimes our tool may wrong but not our users.

Are We Wrong To Think We're Right? Then Give Right Answer Below As Comment