Asked by Viviane Chow on Jun 27, 2024
Verified
What share of the nation's 25,000 banks failed between 1929 and 1933?
A) 5 percent
B) 10 percent
C) 15 percent
D) 20 percent
Nation's Banks
Financial institutions owned or chartered by a country's government, involved in national economic management.
Failed
Unsuccessful in achieving desired goals or outcomes.
1929-1933
The period marking the beginning of the Great Depression, a severe worldwide economic downturn.
- Understand the economic and social impact of the Great Depression on the United States.
Verified Answer
AA
Aseanti AlexanderJun 27, 2024
Final Answer :
D
Explanation :
Between 1929 and 1933, approximately 20 percent of the nation's 25,000 banks failed, a reflection of the severe economic downturn and financial instability during the Great Depression.
Learning Objectives
- Understand the economic and social impact of the Great Depression on the United States.
Related questions
Twenty Thousand Unemployed World War I Veterans Descended on Washington ...
Who Said Our Economy Seems Capable of Remaining in a ...
Which of the Following Countries Was Pushed Towards Fascist Dictatorship ...
Discuss the Problems of Rural America in 1933, How the ...
Examine the Impact of the Great Depression and the New ...