Question

Which was a direct result of bank failures in the 1920s and 1930s?

A. Unemployment rose.B. Companies slowed production.C. Depositors lost their savings. D. People could not pay back their loans.

Answer 1

its c i got it right on test

Answer 2

C. Depositors lost their savings

Step-by-step explanation:

Between the 1920s and 1939s, the United States experienced The Great Depression. Among the events that took place during this time, there is deflation in assets and merchandise, falls in demand, disorganization in trade, unemployment and poverty.

As a direct result of all these, bank failures we found that depositors lost their savings, more than nine thousand banks failed and because there were no insurance guarantees, everything was lost, there were also savings withdrawals, which led to a simpler way break.