Sociologists examine financial collapses,such as those of the 1930s,in which rumors of insolvency,when believed by enough depositors,resulted in real bank failures.What sociological concept describes this phenomenon?
A) Expressions given off
B) The Thomas theorem
C) Dramaturgy
D) The generalized other

Question

Quizplus · Accepted Answer

The Thomas theorem states that if a situation is defined as real,it is real in its consequences. In this case, the rumors of insolvency defined the situation as real, leading depositors to withdraw their money in a panic and resulting in actual bank failures.

Sociologists Examine Financial Collapses,such as Those of the 1930s,in Which