Question

Each of these statements about bank failures during Great Depression is true EXCEPT

A) thousands of banks across the United States closed.
B) New Deal reforms were put in place to insure deposits.
C) many people lost savings that were deposited in failed banks.
D) the crisis led to the end of government regulation of the economy.

Answer 1

I believe the answer is D.

Answer 2

The statement that is not true about bank failures during the Great Depression is D) the crisis led to the end of government regulation of the economy. President Franklyn D. Roosevelt instituted the New Deal, which was a series of measures that aimed to provide jobs and relief for those who were suffering, and ultimately prosperity to all Americans. So, the federal government led the economy of the United States.