which was a weakness in the economy and one of the causes of the great depression

A: failure to collect income taxes

B: problems with home mortgages

C: too many people on government welfare

D: risky banking practices

At the time, the banking industry was not regulated very much by the government. As a result, banks were lending far more money then was reasonable. They gave large loans to companies and individual investors that used it for the stock market. Of course we know the crash of the stock market was one, if not, the main reason for the great depression. ... When the market crashed, people couldn't pay their large loans and so thousands of banks went out of business.

which was a weakness in the economy and one of the causes of the great depressionA: failure to collect income taxesB: problems with home mortgagesC: too many people on government welfareD: risky banking practices

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Related Questions

which was a weakness in the economy and one of the causes of the great depression

A: failure to collect income taxes

B: problems with home mortgages

C: too many people on government welfare

D: risky banking practices