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3. what happened to many banks after the stock market crash? - a) they …

Question

  1. what happened to many banks after the stock market crash?
  • a) they became stronger
  • b) they failed, causing people to lose their savings
  • c) they increased lending
  • d) they were unaffected
  1. how did the great depression spread to other countries?
  • a) through global trade and financial connections
  • b) through military invasion
  • c) through cultural exchange
  • d) through new technology
  1. what was one effect of the great depression on american workers?
  • a) increased wages
  • b) mass unemployment
  • c) better job security
  • d) more government jobs immediately

Explanation:

Brief Explanations
  1. After the 1929 stock market crash, many banks failed because they had invested heavily in stocks and faced mass withdrawals; this caused people to lose uninsured savings.
  2. The Great Depression spread globally because countries were linked by trade (plummeting demand for exports) and financial ties (collapsing international lending and currency systems).
  3. The Great Depression led to widespread business failures and reduced production, resulting in massive job losses for American workers.

Answer:

  1. B) They failed, causing people to lose their savings
  2. A) Through global trade and financial connections
  3. B) Mass unemployment