Many banks had invested in the market and faced significant shortfall; several faced insolvency. The Crash also prompted a run on gold deposits, further reducing the amount of deposits banks had on hand. As a result, banks curtailed their lending activities, contributing to an economic slowdown.
Answer:
To multiply three factors, we first multiply two of the factors together. Then we multiply the product we get by the third factor. Since multiplication is commutative, we may multiply numbers in any order.