Which chain of events correctly accounts for the conditions described in the excerpt?

History

1 answer:

Umnica [9.8K]3 years ago

3 0

The right answer is:

A: The stock market crash caused a panic > people rushed to pull money out of the banks > Banks did not have enough money for everyone.

Explanation

The aforementioned excerpt is from "American Life Histories: Manuscripts from the Federal Writers' Project, 1936-1940" and it describes a group of men in New York City who made a living by collecting and selling junk from their pushcarts.

It specifically refers to the stock market crash of 1929 during which there was a collapse of stock prices. It was the worst decline in U.S. history.

People were forced to sell businesses and take out their life savings. Unemployment took place later as businesses failed.

You might be interested in

Who is the first president wife name

Bogdan [553]

George Washington's wife's name was Martha Washington.

6 0

2 years ago

After conquering poland, hitler waited _______ before attacking a new territory.

MAXImum [283]

Seven months is the answer

8 0

3 years ago

What kind of Government would Alexander Hamilton like to see?

bezimeni [28]

Federalists want a representative democracy "The ancient democracies of Greece were characterized by tyranny and run by mobs"

4 0

2 years ago

How did peasants contribute to decline of Han china

goldfiish [28.3K]

B. is the answer i got a good grade on it trust me

8 0

3 years ago

Read 2 more answers

Why was shah very unpopular with most Iranians

aliya0001 [1]

The Shah was very unpopular with many Iranians. Iran is a very traditional Muslim nation, and many of the Iranian people were displeased with the changes the Shah imposed upon them. Many people close to the Shah were corrupt. Anyone who disagreed with the Shah was forced to leave the nation or face SAVAK, the Shah’s brutal secret police

4 0

3 years ago