Question

11. How did the stock market crash, the closing of the Ford Model T plant and the collapse of the farming

Answer 1

The stock market crash, the closing of the Ford Model T plant and the collapse of the farming  industry contribute to the economic collapse by destroying jobs, wealth, and American confidence in the economy

Answer: Option C

Explanation:

Great Depression was the worst economic disaster in the history of the United States. During the period of Great Depression, the good produced declined by almost one-third. The stock market lost almost 80% of its value.

Also the unemployment rate rose by almost 25%. During this period, the failure of almost 7000 banks led to the loss of the confidence of people in the economy. The crash of the stock market destroyed a lot of wealth and the reduced money stock of the nation led to the economic disaster.