Question

Which statement best describes the US government's role with the banking industry at the beginning of the Depression?

Federal agencies forced banks to close if they could not insure all of their accounts.

The government passed laws to provide insurance on individual accounts.

Individual banks were inspected and supervised by agents of the government.

The government had little involvement with monitoring the health of banks.
Done

Answer 1

The government had little involvement with the monitoring the health of banks.

Answer 2

The correct answer is "The government had little involvement with monitoring the health of banks".

Step-by-step explanation:

The Great Depression was the worst economic crisis on the industrialized world, which began in 1929 when a market crash took many investors out of the stock in Wall Street. The error attributable to the government was its little involvement with monitoring the health of banks. After 1929, the role of the federal government increased substantially, which helped United States to rise from the Depression.