3
AssignmentMultiple Choice

Boom and Bust

Question 3 • TX-US History Studies Since 1877 B-Runnels

Which statement from the article shows that people believed that the drop in the market was an anomaly?

Answer
A
"Bankers and brokers strove to put their houses in order."
B
"The conductors graphically pointed out, 'where all that money was lost last week."
C
"The hysteria of last Thursday had passed as quickly as it developed."

Explanation

An anomaly is something unusual or temporary rather than a lasting change. The statement that “The hysteria of last Thursday had passed as quickly as it developed” suggests people viewed the market drop as a brief, unusual event that had already subsided. The other statements describe actions or refer to where money was lost, but do not indicate that the drop was temporary.

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