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What caused so many banks to fail during the Great Depression?

A. Most banks failed due to people unwilling to use saving accounts.
B. Most banks failed due to over-investing and risky business practices.
C. Most banks failed because the outbreak of communism made private property illegal.
D. Most banks failed due to over government intervention and regulation.

Sagot :

nelloacosta38

Answer:

B - Most banks failed due to over-investing and risky business practices

Explanation:

Several banks failed during the Great Depression for a variety of reasons. The primary reasons for bank failure were excessive investment and risky business practices.

So, choice B is the right one.

What caused the banking system to fail in 1929?

The average price dropped by the same amount as the money that was readily available.

In addition to pushing banks, businesses, and individuals into bankruptcy, this deflation also increased debt loads, skewed economic decision-making, decreased consumption, and increased unemployment.

Visit the following link to learn more about the Great Depression:

https://brainly.com/question/27291778

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