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

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

Answer 1

Here are the events arranged in order, starting with the first event:

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