Policy for dealing with banking crises changed from laissez-faire to taking steps to contain the damage from bank failures:
A)after Ronald Reagan became president in 1980.
B)after World War II in 1945.
C)during the Great Depression in the 1930s.
D)after the Civil War in the 1860s.

Question

Quizplus · Accepted Answer

The policy for dealing with banking crises changed from laissez-faire to taking steps to contain the damage from bank failures during the Great Depression in the 1930s. The collapse of numerous banks during the depression led to the creation of the Federal Deposit Insurance Corporation (FDIC) and other regulatory measures to prevent future bank failures and protect depositors' funds.

Policy for Dealing with Banking Crises Changed from Laissez-Faire to Taking