Ask Question
4 November, 15:29

How did the failure of the stock market contribute to a larger economic decline?

+2
Answers (1)
  1. 4 November, 19:06
    0
    People bought stocks with credit or money from banks, so when the stock market crashed, banks also closed down and everyone lost all their money. Business people had to lay off workers because they couldn't pay them which lead to the rise of unemployment.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “How did the failure of the stock market contribute to a larger economic decline? ...” in 📙 History if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers