History, 06.03.2020 22:12, Derienw6586
By 1932 nearly 9,000 American banks had failed, plummeting the nation into the worst economic disaster in American history. What was the primary reason so many banks failed during the period?
A) Great Britain and France had failed to repay the loans taken out during the First World War.
B) Many Americans failed to save money during the decade due to consumer spending on luxury.
C) Widespread embezzlement and corruption in the banking industry had depleted bank reserves.
D) Many loans were made to individuals and businesses unable to repay such loans.
E) The Federal Reserve System relaxed its monetary policies to allow American businesses to prosper during the 1920s.
Answers: 1
History, 22.06.2019 16:30, dee024
Ineed an answer asap. which is not a reason for the “era of good feeling”? a) economy in the us was booming. b) the united states was victorious in the war of 1812. c) the united states outlawed slavery. d) the federalist party was disbanded and the united states had one political party.
Answers: 1
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