By the start of 1929, more than half of the u. s. population was living below the poverty line. a major and immediate effect of this situation would be

The correct answer is B) consumer goods were not being sold.

A major and and immediate effect of the situation was that consumer goods were not being sold.

By the start of 1929 more than half of the United States population was living below the poverty line. Consumer goods were not being sold as a result of that situation. The Stock market crash of 1929 caused what was known as the Great Depression in the United States. It was a period of terrible economic conditions for the country and really had a major impact on people’s economy. Many jobs were lost and the U.S. citizens suffered a lot. Fabrics had to close and cut jobs because consumer goods were not being sold. There was no money in people’s hands. They were trying to survive. That was the reason the U.S. government launched the New Deal program.

The other options of the question were, a) New Deal programs being created, c) the stock market crash put people out of work, and d) wealthy people were losing large sums of money.

the social contract theory