Question

Which action contributed MOST to the high number of bank failures at the beginning of the Great Depression?
A) Business investors stopped purchasing shares of U.S. bank stock.
B) Wealthy Americans began transferring their money into European banks.
C) President Herbert Hoover dismantled federal bank regulatory agencies.
D)Customers lost confidence in banks and withdrew their deposits.

Answer 1

Answer:a

Explanation:

Answer 2

The Great depression had severe depression across the world in 1930. It started in the United States of America and spread all over the world. Business investors stopped purchasing shares of U.S. bank stock.

What is the cause of the great depression?

It began out whilst the inventory marketplace of the USA crashed in 1929. There become a panic scenario on wall street and traders began to withdraw the amount. It dropped the tens of thousands and thousands of traders.

There are some more reasons to understand the cause of the Great depression are overproduction of consumer goods, weakness in the banking system, fall on-demand and consumer goods, high level of debts, and lack of credit.

Therefore the correct option is A.

Learn more about the Great Depression here:

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