Question

-Folklore Project, Life Histories, 1936-1939

Which chain of events correctly accounts for the conditions described in the
excerpt?
OA.
OB.
O C.
D.
Investors
borrowed too much
money and failed
to pay debts.
The stock
market crash
caused a
panic.
Overreliance
on credit led to
the stock
market crash.
Farmers
increased
production
during wartime.
Banks shut
down.
People
rushed to pull
money out of
banks
Businesses
failed.
People lost
their savings.
Banks did
not have
enough money
for everyone.
Prices dropped
because of the
postwar reduction
in demand.
Many
workers lost
their jobs.
Farmers
could not
pay debts

Answer 1

The conditions described in the excerpt can be explained by a chain of events that includes the stock market crash, bank closures, business failures, loss of savings, and a decrease in demand. Farmers increasing production during wartime and the subsequent inability to pay debts also contributed to the conditions. Many workers lost their jobs as a result.

Step-by-step explanation:

The correct chain of events that accounts for the conditions described in the excerpt is: The stock market crash caused a panic, banks shut down because people rushed to pull money out of them, businesses failed, people lost their savings, banks did not have enough money for everyone, and prices dropped because of the postwar reduction in demand. Farmers could not pay their debts because they increased production during wartime. As a result, many workers lost their jobs.

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