As part of the nation’s recovery from the Great Depression of the 1930's, the banking system was reformed in which of the following ways?

AThe government paid off loans for large corporations.
BThe Federal Reserve Banks were closed.
CBanks were deregulated by the government.
DThe banking system was taken off the gold standard.

Question

06-08-2016
History

Answered

As part of the nation’s recovery from the Great Depression of the 1930's, the banking system was reformed in which of the following ways?

AThe government paid off loans for large corporations.
BThe Federal Reserve Banks were closed.
CBanks were deregulated by the government.
DThe banking system was taken off the gold standard.

Verified Answer :

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vickieray1971 vickieray1971 · Answer 1 · 2016-08-11T23:30:45-04:00

vickieray1971 vickieray1971

11-08-2016

DThe banking system was taken of the gold standard

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ailud18 ailud18 · Answer 2 · 2019-05-06T16:51:30-04:00

As part of the nation’s recovery from the Great Depression of the 1930's, the banking system was taken off the gold standard. Option D is correct.

The Great Depression began in the United States and it constituted a severe worldwide economic depression that took place mostly during the 1930s.

The Great Depression started as a major fall in stock prices that began around September 4, 1929, and turnt into worldwide news with the stock market crash of October 29, 1929.