Trace the causes that led to financial collapse in industries and high unemployment. Arrange the events in order, starting with the first event on top.

Question

(1 point)
Arrange responses in the correct order to answer the question. Select a response, navigate to the desired position and insert response at that position. Responses can be selected and inserted using the space bar, enter key, left mouse button or touchpad. Responses can be moved using the up and down arrow keys or by dragging with a mouse.

Bank runs contribute to the failure of financial institutions
Consumers make large purchases on credit
Industry declines as unemployment climbs past 20 percent
The stock market experiences a significant crash

Answer 1

Here is the correct order of events that led to financial collapse in industries and high unemployment:

1. Consumers make large purchases on credit
2. The stock market experiences a significant crash
3. Bank runs contribute to the failure of financial institutions
4. Industry declines as unemployment climbs past 20 percent