QUESTION IMAGE
Question
- what happened to many banks after the stock market crash?
- a) they became stronger
- b) they failed, causing people to lose their savings
- c) they increased lending
- d) they were unaffected
- how did the great depression spread to other countries?
- a) through global trade and financial connections
- b) through military invasion
- c) through cultural exchange
- d) through new technology
- what was one effect of the great depression on american workers?
- a) increased wages
- b) mass unemployment
- c) better job security
- d) more government jobs immediately
Brief Explanations
- After the 1929 stock market crash, many banks failed because they had invested heavily in stocks and faced mass withdrawals; this caused people to lose uninsured savings.
- The Great Depression spread globally because countries were linked by trade (plummeting demand for exports) and financial ties (collapsing international lending and currency systems).
- The Great Depression led to widespread business failures and reduced production, resulting in massive job losses for American workers.
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- B) They failed, causing people to lose their savings
- A) Through global trade and financial connections
- B) Mass unemployment