As part of the nation's recovery from the Great Depression of the 1930s, 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.

Question

Maia Beard

History

15 October, 21:15

As part of the nation's recovery from the Great Depression of the 1930s, 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.

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Answers (1)

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August Delgado · Answer 1

The banking system was taken off the gold standard as part of the nation's recovery from the Great Depression. During the Great Depression all of the banks crashed and millions of people were left broke.