Some of the economists blamed this institution for manipulating interest rates for the duration of the Great Depression: d. Federal Reserve Board.
The Federal Reserve Board (FRB) was established in 1913 as the central banking system of the United States. During the Great Depression, many economists and historians have argued that the FRB was responsible for the prolonged economic downturn by failing to provide enough monetary stimulus to the economy and by not preventing bank failures. The FRB's decisions with regards to interest rates and monetary policy were seen as having a significant impact on the economy during this time. While the causes of the Great Depression are complex and multi-faceted, the role of the Federal Reserve in its duration remains a subject of debate among economists and historians.