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
alexandr402 [8]
3 years ago
7

Why were bank failures common during the Depression? Many people could not pay what they owed to banks. Many people took out new

loans. Many people put more money into the banking system. Many people stopped spending money.
History
2 answers:
11Alexandr11 [23.1K]3 years ago
7 0

The correct answer is Many people could not pay what they owed to banks.

During the 1920's, banks allowed citizens to take out significant loans in order to buy consumer goods and stocks. This risky investment strategy failed at the end of the 1920's, culminating in the beginning of the Great Depression. One of the biggest causes of this economic depression was the Stock Market Crash of 1929. This resulted in thousands of people losing their life savings in stocks. The significant drop in stock prices resulted in citizens having very little actual cash to give back to banks. Instead, they had stocks that were essentially worthless. This is why banks struggled and utlimately thousands failed during the 1930's.

faust18 [17]3 years ago
4 0
Many people stopped spending money
You might be interested in
3. In the 1920s, all of the following were issues of security concern in the US except?
slega [8]
I’m not entirely sure I think the answer is c
3 0
3 years ago
Read 2 more answers
Why did Whitney consider standardized parts? He needed to replace pieces of his cotton gin. He wanted to multiply the number of
REY [17]

Eli Whitney was an American inventor known for inventing the machine that separates the seed from the cotton, called cotton gin. During a period of political instability, the War Department of the USA approved a contract of weapons purchase, and Whitney obtained the contract.

But the problem was the inventor never manufactured a gun in his life. The solution he had was the adoption of standardized parts to accomplish his task. This process created precision equipment that allowed the production of large numbers of identical parts quickly and at a comparably low cost. This new method transformed the manufacturing industry and contributed considerably to the US victory in the Civil War.

In conclusion, in order to attend the contract with the government and to multiply the number of guns produced, Eli Whitney had to resort in the standardized or interchangeable industrial development.

8 0
3 years ago
Why was the French Revolutions idea of everyone having rights and being equal, a dangerous idea?
lorasvet [3.4K]

Answer:

Why the French Wanted Equality

The nobles and clergy were the privileged orders. They were exempt from such direct taxes as the taille, or land tax. Most taxes were paid by the Third Estate—a class that included peasants, artisans, merchants, and professional men. Even among these groups taxes were not equal

Explanation:

5 0
2 years ago
Read 2 more answers
Which step did president john adams take to strengthen the federal government?
maxonik [38]

1800s, President John Adams orders the federal government to pack up and leave Philadelphia and set up shop in the nation’s new capital in Washington, D.C.

5 0
3 years ago
Read 2 more answers
Supreme Court justices ruled that the Healthcare Reform Act (also known as Obamacare) was constitutional. They were exercising t
Helga [31]

Supreme Court justices ruled that the Healthcare Reform Act was constitutional. They were exercising their power which is called judicial review. Thus the correct answer is B.

<h3>What is a constitution?</h3>

A constitution is referred to as a fundamental book containing rules, regulations, laws, and principles of any country which abide by every individual living in the country.

Judicial review is the idea that the decisions of the executive and legislative departments of government are subject to scrutiny and possible disapproval by the judiciary, which is important to the US form of government.

If state or national laws or activities are found to be in violation of the Constitution, judicial activism can be used to declare them invalid. It also empowers courts to find an executive or legislative action unlawful.

Therefore, the option D Judicial review is the correct answer.

Learn more about Judicial review, here:

brainly.com/question/966716

#SPJ1

5 0
2 years ago
Other questions:
  • Why were some Greeks shocked by the lives of the Spartan women?
    13·1 answer
  • Who wanted to bring their faith/religion to Native Americans?
    10·1 answer
  • A historian using the historical thinking skill of examining historiography might:
    5·2 answers
  • Which phrase best describes the Atlanta Race Riot in 1906?
    5·2 answers
  • What did opponents of the Vietnam war protest
    13·2 answers
  • What is one negitave result of the columbian exchange
    11·1 answer
  • Women in the British colonies were not allowed to:
    14·2 answers
  • The fertility rate measures the average number of children parents want in a year.
    10·2 answers
  • What was the effect of the court case Plessy vs. Ferguson?
    15·2 answers
  • What was John F. Kennedy's rallying cry
    6·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!