Which of the following did NOT significantly exacerbate the banking crisis of the early 1930s?

Question

Quizplus · Accepted Answer

While fraud may have been a problem for some banks, it was not a significant factor in exacerbating the banking crisis of the early 1930s. The other options, such as the Fed's inability to lend against anything other than good commercial loans, the large number of small and poorly diversified banks, and the large number of rural banks holding agricultural loans during a time of falling commodity prices, all contributed to the crisis.

Which of the Following Did NOT Significantly Exacerbate the Banking