asked 63.2k views
1 vote
Why did so many banks collapse at the beginning of the Great Depression?

a. Too many investors tried to open new accounts.
b. Too many depositors tried to withdraw their money all at once.
c. The stock market collapsed too slowly to collect on debts.
d. The Federal Reserve put too much money into circulation

asked
User IJared
by
8.5k points

2 Answers

5 votes
The answer is  B too many depositors tried to withdraw their money all at once
answered
User Flukeflume
by
7.8k points
4 votes
The answer is B.Too many depositors tried to withdraw their money all at once
answered
User Shadi Shaaban
by
8.6k points
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