How well did the federal reserve banks perform during the great depression?

History

2 answers:

Kisachek [45]3 years ago

5 0

Not very well, there was a huge economic crisis and they were unable to stop the depression.

iogann1982 [59]3 years ago

4 0

Answer:

Individual administrators of the Federal Reserve Banks quarreled over policy and were inadequate to stop the depression, is the right answer.

Explanation:

The Great Depression that took place in the 1930's, in the United States, was a rigorous global financial depression. it was the largest, most difficult, and most comprehensive depression of the 20th century. To fight this depression, the Federal Reserve System made some efforts. However, this system had a decentralized decision-making composition, due to this every district had a governor who initiated the plan for the district. The Board lacked power and means to perform. This generated ineffectiveness, particularly when governors nauseated and took opposite courses of actions.

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