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.
The confederacy passed the conscription act because the army needed more people to serve in the army as the number of volunteers declines and the number of casualties increased.
Explanation
At the beginning of the civil war,both the confederate states and the union army did not use conscription but in the later years the war took a violent turn.People hesitated to join the army and the number of soldiers in the confederate army decreased visibly.
In order to avoid defeat in the war, the confederate army wanted more men to join it and they enacted the act of conscription which made it necessary for all white men between the age of 18 and 35 to serve in the confederate army if called.
Congress could not draft soldiers or regulate trade
