Why did banks close during the great depression? A, people became unemployed and stopped borrowing B, stock market prices dropped suddenly and dramatically C, banks ran out of money when people could not pay back loans D, Banks loaned money to people to purchase stock on the market

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Scottie

History

23 May, 01:42

Why did banks close during the great depression? A, people became unemployed and stopped borrowing B, stock market prices dropped suddenly and dramatically C, banks ran out of money when people could not pay back loans D, Banks loaned money to people to purchase stock on the market

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Judah Adams · Answer 1

b. stock market prices dropped suddenly and dramatically

Explanation:

This led to banks closing during the great depression because they were unable to resist the large amount of withdrawal of deposits.