Derivita Unit Eleven Question One Quizizz Activity

What was one of the main effects of bank failures on citizens in South Carolina between 1929 and 1933?

• Increase in agricultural production

• Loss of savings

• Rise in stock market investments

• Growth in new bank establishments

How did bank failures contribute to financial instability among families?

• Families received more loans from banks.

• Families became more confident in spending.

• Families became anxious and less willing to spend money.

• Families started investing more in real estate.

What was a common reaction of citizens towards banks after many failures occurred?

• Increased trust in banks

• More deposits in banks

• Withdrawal of savings and keeping cash at home

• Investing in foreign banks

What economic consequence resulted from the loss of savings and trust in banks?

• Increase in consumer spending

• Economic growth and prosperity

• Decreased spending and business struggles

• Rise in new business startups

Which analogy was used to describe the impact of bank failures on the economy?

• A growing tree

• A house of cards

• A flowing river

• A rising sun

In the analogy of a house of cards, what does the falling card represent?

• A successful business

• A stable economy

• A failing bank

• A new investment opportunity

In the analogy of watering a plant, what does the watering can represent?

• The government

• The bank

• The stock market

• The local community

What happens to the plant (economy) if the watering can (bank) has holes in it?

• The plant grows faster.

• The plant receives too much water.

• The plant cannot grow properly.

• The plant becomes more colorful.

Why did businesses suffer as a result of decreased spending by citizens?

• They had too many customers.

• They received more government support.

• They struggled to stay open due to lack of customers.

• They expanded too quickly.

What was a direct impact on families who lost their savings due to bank failures?

• They were able to buy more luxury items.

• They had more money to invest in stocks.

• They lost the ability to purchase homes.

• They received compensation from the government