Question

As a response to the bank failures of the _______, a system of federal deposit insurance was established to strengthen the banking system. a wildcat banking crisis of the 1880s b banking crisis of the early 1980s c civil war d great depression

Answer 1

The appropriate response is Great Depression. The Great Depression was a financial droop in North America, Europe, and other industrialized regions of the world that started in 1929 and endured until around 1939. It was the longest and most extreme sorrow at any point experienced by the industrialized Western world.