asked 215k views
20 votes
How was America’s weak banking system a major cause of the
Great Depression?

1 Answer

2 votes

Answer:

Banks operated without guarantees to their customers, creating a climate of panic when times got tough.

Step-by-step explanation:

Few regulations were placed on banks and they lent money to those who speculated recklessly in stocks

answered
User Sean Johnson
by
8.4k points

No related questions found

Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.