Solved

Bank Failures Significantly Delayed Recovery in the Depression from 1873

Question 50

Multiple Choice

Bank failures significantly delayed recovery in the depression from 1873 to 1879 because


A) The number of unemployed bank clerks significantly added to the number of jobless.
B) Banks took years to build and establish.
C) Banks played a crucial role as a source of credit for industry and agriculture.
D) Bank failures only worsened the problem of inflation.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents