7. How did the slowdown in steel production impact the entire economy? A. The stock value of steel companies fell, but people kept buying those stocks, hoping they would recover quickly and pay off well.

B. It started a domino effect that led to slowdowns in related industries, which created unemployment, which affected sales.

C. Banks that had lent money to steel companies now could not get that money back, and many of those banks ran out of money and failed.

D. It caused the panic of March 1929, as people rushed to sell off steel company stocks before the companies went bankrupt.