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

History

Kamari Diaz

10 June, 18:46

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

+2

Answers (2)

Know the Answer?

Ortiz · Answer 1

D. The banking system was taken of the gold standard

Cassie Holden · Answer 2

The correct answer of this question is option D. The banking system was taken off the gold standard. The price levels increased in both the United States and Great Britain. After recovering from the Great Depression, the countries returned to the gold standard.