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 c:

Explanation:

Answer 2

The action that should be mostly contributed to the starting of the great depression is option C. where the president should dismantle the bank regulations.

What is Great Depression?

The  Great Depression defined the highest & longest recession related to the economics in the world history. It should be run between  the year 1929 and year 1941. At this time, the higher number of bank failures should be done because the president i.e. Herbert Hoover dismantled the bank regulatory agencies.

Therefore,  The action that should be mostly contributed to the starting of the great depression is option C. where the president should dismantle the bank regulations.

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