1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Airida [17]
3 years ago
6

What role did the banking system play In Causing the Great Depression?​

History
2 answers:
yan [13]3 years ago
7 0
Stock market crashhhhhhh
Contact [7]3 years ago
6 0

Hello,

The banking system created a massive debt during the great depression due to increased investment in the stock market, as well as loaning credit out to people that became unable to repay them. By the time the stock market crashed on October 29th, 1929, the banks had literally run out of money, leaving many people penniless as others tried taking their savings out.

You might be interested in
What effect do you think Kennedy’s popularity had on the passage of the Civil Rights Act and Voting Rights Act after he died?
Rainbow [258]

Answer:

People went wild, and decided that the civil rights act was usless (just say that they disliked it) and just made African American people More miserable

5 0
3 years ago
Who wrote the publication Common Sense encouraging the colonists to revolt against Great Britain?
mars1129 [50]
C. Thomas Paine
He did so because the British were controlling everything people in the New World (a.k.a. America) did.
7 0
3 years ago
Read 2 more answers
What part of the American economy did not enjoy prosperity in the 1920s
Harlamova29_29 [7]
During the prosperity of the america during 1920, it is not well distributed. nearly half of its population still resides in the rural areas where there priary source of income is farimg
6 0
3 years ago
How did the Fundamental Orders of Connecticut change the government?
JulsSmile [24]
The Fundamental Orders of Connecticut change the government because It created the basic freedoms and rights for all citizens. It was a start on the  modern-day democracy and it was<span> a plan of government created by the English colonists.</span>
8 0
3 years ago
Read 2 more answers
What were the main functions of a guild?
Darya [45]
Probably to either to team up for a common goal or to oversee the trades in their area.
5 0
3 years ago
Read 2 more answers
Other questions:
  • Which statement accurately describes the impact of the french and indian war on the British and the colonies?
    6·1 answer
  • The navigation acts restricted colonial A marriage B trade C election
    11·2 answers
  • Which of the following caused inflation in the U.S. during the 1970s? (5 points)
    10·1 answer
  • What was unusual about the outcome of the 2000 presidential election??
    7·1 answer
  • Which of the following did NOT take place under the Legalist government of Shi Huangdi?
    8·1 answer
  • 7. In the late 18th century, what conditions did most Northern states place
    6·1 answer
  • How did the Nazi Party, a small and unpopular political group in 1920, become the
    9·1 answer
  • Which of these events triggered the Spanish-American War?
    11·2 answers
  • During the Golden Age, Al-Khwarizmi was known for inventing
    6·2 answers
  • Who did not pay taxes in France during the French revolution
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!