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

Great Depression, a universal economic fall that started in 29s and remained till about 39s.
Although it began in the United States, the Great Depression provoked severe drops in production, critical unemployment, and severe deflation in nearly every nation in the globe.
The Depression was settled, and restored, by the keen decreases in spending, expenses, and control after World War II.

swatiupadhyay714 swatiupadhyay714 · Answer 2 · 2021-10-26T17:29:54+02:00

The arranged events of the financial collapse in industries and high unemployment are:

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

The arranged events are in chronological order in such a way because this is the pattern in which the financial crisis happened.

Great Depression, a universal economic fall that began in 29s and remained till about the 39s.

Although it began in the United States, the Great Depression impacted severe drops in production, critical unemployment, and severe deflation in nearly every nation on the globe.

The Depression was settled, and restored, by the keen decreases in spending, expenses, and control after World War II.

To know more about the financial crisis, refer to the link below:

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