Question

8. What was a result of the bank failures that followed the stock market crash in 1929?

Answer 1

A major result of the bank failures that followed the stock market crash in 1929 was that "There wasn't enough money in circulation to support a healthy economy," since people had completely lost faith in the banking system.

Answer 2

Answer:

8. What was a result of the bank failures that followed the stock market crash in 1929?

Explanation:

The result of the fall of the Stock Exchange in 1929 were: The Great Depression, and an economic crisis worldwide.

The cause of the Great Depression was due to the crisis that originated in the United States, from the fall of the Wall Street stock market of 1929.

But the problem was not only in New York, this moved to almost every country in the world as a domino effect.