Question

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?

A. The government paid off loans for large corporations.
B. The Federal Reserve Banks were closed.
C. Banks were deregulated by the government.
D. The banking system was taken off the gold standard.

Answer 1

D. The banking system was taken of the gold standard

Answer 2

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.