Question

Which of the following is a true statement about the banking crisis during the great depression?

Answer 1

The answer is C. Bank crisis emergencies incorporate bank runs, which influence single banks; managing an account alarms, which influence many banks; and fundamental saving money emergencies, in which a nation encounters countless and budgetary foundations and organizations confront awesome troubles reimbursing contracts. After the crash amid the initial 10 months of 1930, 744 banks fizzled – 10 fold the number. Taking all things together, 9,000 banks fizzled amid the time of the 30s. It's assessed that 4,000 banks fizzled amid the one the year of 1933 alone. By 1933, investors saw $140 billion vanish through bank disappointments.

Answer 2

C IS NOT THE ANSWER!!!