3 years ago

Which was a cause for the decline in the amount of currency in

History

1 answer:

bogdanovich [222]3 years ago

8 0

Answer:

Explanation:

After the stock market crash on October 29, 1929, banks began to fail in 1930, which caused a massive, nation-wide demand on banks as depositors hurried to convert their savings into currency. “Buying on margin,” whereby investors buy shares on credit and use loans to pay, further destabilized the market.

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