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.
It is false that Communism was the dominant economic force of the twentieth century, although it certainly overtook a great deal of territory. Capitalism was still overall dominant.
