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Which statement best explains how bank failures contributed to the Great Depression? A People lost their savings because the government did not insure bank deposits. B Business could not be done when President
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Which statement best explains how bank failures contributed to the Great Depression?

A People lost their savings because the government did not insure bank deposits.
B Business could not be done when President Franklin Roosevelt declared a bank holiday.
C The interest rates on bank loans were too high.
D Foreign investors did not invest enough in U.S. banks.

User Bejoy George
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A) people lost their savings because the government did not insure bank deposits
User Ovidio
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Answer:

The answer is A! Hope it helps!

Step-by-step explanation:

User Matthew Piziak
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