What happened when interest rates rose in 1929? People stopped taking out loans from banks. People stopped depositing money in banks. People stopped buying expensive products. People stopped buying stocks

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asked Sep 17, 2024 113k views

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What happened when interest rates rose in 1929?

People stopped taking out loans from banks.
People stopped depositing money in banks.
People stopped buying expensive products.
People stopped buying stocks on margin.

History
college

Varun Thadhani asked

by Varun Thadhani

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Answer:

Step-by-step explanation:

belive in god god blesses you!

Yamuk answered Sep 18, 2024

by Yamuk

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People stopped depositing money in banks. Approximately 9,000 banks fell during the Great Depression.

Ujjwal Ojha answered Sep 23, 2024

by Ujjwal Ojha

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