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.

I am thinking the answer is D.

Question

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.	

I am thinking the answer is D.

anonymous · Answer

it is D

anonymous · Answer

@jackbob22 how do you know that it is for sure D?

anonymous · Answer

Im in collage as a history major

anonymous · Answer

@jackbob22 I was looking for a fact about the answer..

anonymous · Answer

@superpac

anonymous · Answer

because gold dropped value and at that time they did a lot with gold in fact way to much so when the value in gold dropped so did the economy