Register
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
228k views
3 votes
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
by
5.7k points

2 Answers

6 votes
A) people lost their savings because the government did not insure bank deposits
User Ovidio
by
5.4k points
0 votes

Answer:

The answer is A! Hope it helps!

Step-by-step explanation:

User Matthew Piziak
by
5.3k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

5.3m questions

6.9m answers

Other Questions

Which was a major source of fricton between native americans and the english colonists?
At approximately what latitude and longitude is st. louis​
Great Britain is an example of a: O A. Dictatorship O B. Republic with unitary system O C. Constitution monarchy with parliamentary system D. Oligarchy with federalist system​
Is there a correlation between the size of an empire and the amount of power it holds in the world?
Thomas Edison Is considered one of the greatest investors because he was responsible for
Link Copied!