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  • 24-03-2016
  • History
Answered

The Great Depression affected the banking industry by causing

Awidespread panic.
Bthe establishment of the Federal Reserve Bank.
Creduced rates of bank failure.
Dthe nation to go back on the gold standard.

Verified Answer :

HistoryGuy HistoryGuy
  • 29-03-2016

The Great Depression affected the banking industry by causing "a. widespread panic," since thousands of people withdrew their funds from the bank at once--thus causing people to lose faith in the banks in general. 

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