answersLogoWhite

0

While widespread bank failure was certainly a financial problem, it was also a social problem. This is because the failure of the banking system and stock markets has implications on social behaviors and events.

User Avatar

Wiki User

10y ago

What else can I help you with?

Related Questions

Which is a common problem caused by the widespread use of computers?

A common problem caused by the widespread use of computers is lack of personal social interaction. Another problem caused is less physical exercise.


Which category do you use to classify software whose failure can affect safety or cause large financial or social losses?

E-Commerce software could impact safety or cause large financial or social losses if it failed.


Which pair of amendments shows failure of laws to solve a social problem?

Amendment 13,19 not 100 % sure


Which pair of amendments show the failure of laws to solve a social problem?

Amendment 13,19 not 100 % sure


How do you tell if something is a social problem?

A social problem is a condition or issue that impacts a large number of people within a society and causes harm or negative consequences. It is often recognized when there is a widespread agreement that change or intervention is necessary to address the issue. Signs of a social problem can include disparities in access to resources, impacts on individuals' well-being, and societal debate or concern about the issue.


What is nature of the problem?

social problems are the problems that affect the society social problem becomes a social problem it affect social as social as a whole in some personal problem are not social problems. A social problem may be personal to you though.


Discuss the importance of social responsibilities and financial decision making?

Social responsibilities in financial decision making are important as they ensure that businesses consider the impact of their actions on stakeholders, society, and the environment. Incorporating social responsibilities into financial decision making can lead to better long-term outcomes, improved reputation, and increased trust among customers and investors. Failure to consider social responsibilities can result in negative consequences such as reputational damage, lawsuits, and regulatory fines.


What is the nature of socialism?

social problems are the problems that affect the society social problem becomes a social problem it affect social as social as a whole in some personal problem are not social problems. A social problem may be personal to you though.


Which pair of amendments showa the failure of laws to solve a social problem?

Amendment 13,19 not 100 % sure


How do externalities cause market failure?

Externalities can cause market failure if the full social costs and social benefits of production and consumption are not taken into account.


How did Louis XVI and weak leadership contribute to the growing crisis problem in France?

Louis XVI's indecisiveness and lack of strong leadership exacerbated France's financial crisis and social unrest. His failure to implement necessary reforms and address the mounting debt left the country vulnerable, fostering public discontent. Additionally, his inability to effectively communicate with or inspire confidence in his subjects weakened the monarchy's legitimacy, ultimately leading to widespread calls for change during the French Revolution. This combination of weak leadership and economic strife significantly contributed to the growing crisis in France.


What was the main social problem of the 17Th century?

One of the main social problems of the 17th century was widespread poverty and inequality. The gap between the rich and poor was significant, leading to social unrest and uprisings. Additionally, issues related to religious persecution and conflicts also plagued society during this time.