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Sociologists Have Often Wondered About Financial Collapses, Like Those of the 1930s

question 24

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Sociologists have often wondered about financial collapses, like those of the 1930s, in which rumors of insolvency, when believed by enough depositors, resulted in bank failures. What sociological concept describes this phenomenon?


Definitions:

Foster Home

A temporary living arrangement for children whose biological families are unable to care for them.

Correlational Information

Data that indicates the extent to which two or more variables change together, but does not necessarily indicate cause and effect.

Cause-And-Effect Relationships

A connection between two or more events where one event leads to another, indicating a relationship where one action or occurrence directly results in another.

Variables Manipulation

Refers to the process of adjusting or changing variables in an experiment to determine their effects on outcomes.

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