In the United States during the time between the Civil War and the Great Depression:
A)banks were completely unregulated.
B)bank runs rarely occurred.
C)there was no insurance on bank deposits.
D)there were very few national banks.

Question

Quizplus · Accepted Answer

During this time period, there was no federal deposit insurance, meaning that if a bank failed, customers could potentially lose all of their money that was deposited in the bank. This lack of insurance made bank runs more likely, as individuals would try to withdraw their money at the first sign of trouble.

In the United States During the Time Between the Civil