Question

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

Answer 1

The government had little involvement with the monitoring the health of banks.<span />

Answer 2

Answer:

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

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.