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.
Answer:
The Department of Housing and Urban Development of the United States is a department of the executive branch of the federal government of the United States.
Created in September 1965 by the then president, Lyndon B. Johnson, as part of his "Great Society" program, HUD replaced the then Home and Home Financing Agency. Among its functions were the design of the urban development policy as well as the management of public housing and home policies.
