Answer:
People sold off bank stocks, making them worthless.
Explanation:
The Stock Market Crash of 1929 caused a series of bank runs which destroyed the people's trust in the banking system. It began as a rumor that the banks were unable to pay cash which then transcended to panic among customers causing them to withdraw their funds en masse. They also spent little thus causing a stagnant economy. People withdrew their cash from the banks thus causing the solvency of many banks.
Banks in turn liquidated their loans and sold their assets at very low costs.
The Black Death was a disease. And was spread when packages were sent from Japan to the USA. And from there spread to airports and travel rings.
Ans: Criticisms of Keynesian Economics
Borrowing causes higher interest rates and financial crowding out. Keynesian economics advocated increasing a budget deficit in a recession. However, it is argued this causes crowding out. For a government to borrow m
The answer is <u>C. Wagon</u>
and the other answers in the quiz are <u>Fighting</u> and <u>Men</u>. I'm with K12 too... I just took the quiz :)
