What was the name of the world's biggest stock exchange located in the USA?

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New York Exchange

Washington Exchange

Lincoln Street Exchange

Wall Street Exchange

answer is D.

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Detailed Solution

The Wall Street Exchange was the world's biggest stock exchange located in the USA. In 1929, the Wall Street Exchange crashed and hugely impacted the world economy. The USA became a net creditor after the First World War. Many nations across the world borrowed from the USA to finance their economic activity. However, due to the stock exchange crash, the loans by the USA were withdrawn. It became a cause of the great depression of 1929. Other nations faced the effects of the recession on the economy of the USA. In Germany, industrial production fell to 40% leading to large-scale unemployment.

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