Before the Great Depression in the 1930s, the government:
A)nationalized all banks that were close to failure.
B)allowed banks to fail, believing that free-market forces should be allowed to work.
C)lent money to banks that were in poor financial condition.
D)guaranteed deposits of individuals.

Question

Quizplus · Accepted Answer

Before the Great Depression, the government largely adhered to a laissez-faire approach, allowing banks to fail without intervention, believing in the self-correcting nature of free markets.

Before the Great Depression in the 1930s, the Government