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Sociologists Examine Financial Collapses Such as Those of the 1930s

question 34

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Sociologists examine financial collapses such as those of the 1930s. These often occurred because rumors of insolvency, when believed by enough depositors, resulted in real bank failures. What sociological concept describes this phenomenon?


Definitions:

Kickstarter

An American public-benefit corporation that maintains a global crowdfunding platform focused on creative projects.

Successful Project

A project that meets or exceeds its goals and objectives within the given constraints such as time, budget, and quality.

Crowdfunding

Raising funds for a project or enterprise by acquiring minor investments from a wide pool of contributors, primarily using the internet.

Social Innovation Fund

A program that provides funding to expand effective solutions across communities to solve social problems.

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