Question

By 1933, how many state banks had been forced to close down?

a. D--Almost all of them
b. A--75%
C. B--15%
d. C--Almost 50%

Answer 1

Approximately almost 50% of state banks had been forced to close down by 1933.

Step-by-step explanation:

By 1933, approximately almost 50% of state banks had been forced to close down. This was largely due to the economic devastation caused by the Great Depression. The banking crisis led to widespread bank failures, leaving many depositors without access to their savings.

Learn more about the impact of the Great Depression on state banks