Question

Why were bank failures common during the Depression?

O Many people could not pay what they owed to banks.
O Many people took out new loans.
O Many people put more money into the banking system.
O Many people stopped spending money.

Answer 1

Answer: Many people could not pay what they owed to banks.

Step-by-step explanation:

the "run on the banks" led to a lack of funds and banks failed, Americans lost their life savings; money in banks were not insured.

Answer 2

b

Step-by-step explanation:

people took loans and when you get a loan you have pay it back, no money to give out= bank failures