Why did the banks close during the financial panic that led to the Great

Depression?

A. Consumers could not pay their loans and the banics ran out of money

B. The banks were waiting for the government to provide more funding.

C. Farmers did not have enough food to sell at the market.

D. The overproduction of goods caused the banks to have more money.

Question

Social Studies

Tiana Kent

6 April, 21:09

Why did the banks close during the financial panic that led to the Great

Depression?

A. Consumers could not pay their loans and the banics ran out of money

B. The banks were waiting for the government to provide more funding.

C. Farmers did not have enough food to sell at the market.

D. The overproduction of goods caused the banks to have more money.

+2

Answers (1)

Know the Answer?

Meredith Gardner · Answer 1

A. Consumers could not pay their loans and banics ran out of money.

Explanation:

People didnt have money to spend, which is needed in a working economy, the economy crashed and led to a great deppression, Money has flow around to keep a government running.