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)

= 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 are the events arranged in the correct chronological order leading 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.