Question

Which of the following describes the chain of events that followed the stock market crash of 1929

Answer 1

After the crash, frightened depositors withdrew their money and banks failed. Companies fired worker and closed factories.

Answer 2

With the crash of the stock market, in 1929, a chain of events took place which led to the collapse of the U.S economy.

After the crash:

• Depositors withdrew their money.
• Many banks failed.
• Many companies had no choice but to fire their employees.
• Many factories stopped working.