Between 1930 and 1933,many banks in the U.S.failed because:
A)the FDIC moved too slowly to prevent the bank failures.
B)most bankers were either corrupt or incompetent.
C)of excessive regulation by the federal government.
D)people shifted their funds to take advantage of rising stock market prices.
E)people lost confidence in them.

Question

Quizplus · Accepted Answer

People lost confidence in the banks due to the economic hardships of the Great Depression, leading to widespread bank runs and failures.

Between 1930 and 1933,many Banks in the U