Question

During the Great Depression, a major financial crisis followed the collapse of the stock market, which lead to a. A decrease in tax rates and increase in the money supply b. And increase in oil and gas prices c. The failure of many banks d. An increase in consumer sentiment and spending e. A decrease in barrier to international trade

Answer 1

Answer:

c. The failure of many banks

Explanation:

• The crash in the stock markets leads to the decline in the decrease of the expected incomes and a tight monetary policy of the government along with a higher tax rate which by the banking crisis led to the event of the great depression.

• The great depression was the worst economic downturn and had varied effects across the world. The and has the longest deepest and widespread impact on the 20th century leading to a decline in the global economy,