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