What do many economists blame for the severity of the Great Depression?
A)The collapse of the banking system.
B)A rapid increase in the money supply.
C)The issuing of an excessively large amount of currency by the Federal Reserve.
D)The collapse of the electronic funds transfer system.

Question

Quizplus · Accepted Answer

Many economists blame the collapse of the banking system, particularly the failure of numerous small banks, for the severity of the Great Depression. This led to a shortage of credit and caused many people to lose their savings, exacerbating the economic downturn.

What Do Many Economists Blame for the Severity of the Great