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

Question

Quizplus · Accepted Answer

While fraud undoubtedly occurred during the banking crisis of the early 1930s, it was not a significant factor that exacerbated the situation. The other options - the Fed's decision to withhold loans to insolvent banks, the large number of small, poorly diversified banks, and the high number of rural banks that held agricultural loans during a time of falling commodity prices - all contributed to the severity of the crisis.

Which of the Following Did NOT Significantly Exacerbate the Banking