Question

What was the result of the bank failures that followed the rock market crash in 1929

Answer 1

what was the result of the bank failures that followed the rock market crash in 1929

Step-by-step explanation:

The result of the fall of the Stock Exchange in 1929 were: The Great Depression, and an economic crisis worldwide.

The cause of the Great Depression was due to the crisis that originated in the United States, from the fall of the Wall Street stock market of 1929.

But the problem was not only in New York, this moved to almost every country in the world as a domino effect.

Answer 2

The major result of the bank failures that followed the rock market crash in 1929 was the "Great Depression," since many people completely lost their faith in banks in terms of being able to invest their money.