Answer:
A combination of unpaid loans, bad debts, and mass withdrawals
Explanation:
Deflation increased the real burden of debt and left many firms and households with too little income to repay their loans. Bankruptcies and defaults increased, which caused thousands of banks to fail. In each year from 1930 to 1933, more than 1,000 U.S. banks closed.
Answer:
The main reason the Virginia settlement were able to prosper financially is because they settled for economic opportunities. In the colony's first settlement, Jamestown, they first made money by farming tobacco. The demand for tobacco became higher and higher as it spread around and it soon became Virginia's main export.
Please paraphrase just in case.
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