Which of the following was a consequence of the 1907 financial crisis in the United States?
A) It proved that government regulation did not work.
B) American investors fled U.S. banks and turned to Europe as a place to invest their funds.
C) Investment in railroads declined drastically.
D) It showed how quickly national financial matters could become international affairs.

Question

Quizplus · Accepted Answer

The 1907 financial crisis highlighted the interconnectedness of global financial systems, demonstrating how quickly a financial crisis in one nation could impact others, thereby emphasizing the international nature of financial affairs.

Which of the Following Was a Consequence of the 1907