The "zitterbewegung stochastic mechanics" (ZSM) answer to Wallstrom's criticism, introduced in the companion paper [1], is extended to many particles. We first formulate the many-particle generalization of Nelson-Yasue stochastic mechanics (NYSM), incorporating external and classical interaction potentials. Then we formulate the many-particle generalization of the classical zitterbewegung zbw model introduced in Part I, for the cases of free particles, particles interacting with external fields, and classically interacting particles. On the basis of these developments, ZSM is constructed for classically free particles, as well as for particles interacting both with external fields and through inter-particle scalar potentials. Throughout, the beables of ZSM (based on the many-particle formulation) are made explicit. Subsequently, we assess the plausibility and generalizability of the zbw hypothesis. We close with an appraisal of other proposed answers, and compare them to ZSM.