QuestionFebruary 2, 2026

Kesponse 10 the urea Uepression Use your historical knowledge and the sources below to answer the questions attached Source 1 Excerpt from FoR's Fireside Chat (March 12,1933) It was then that I issued the proclamation providing for the nationwide bank holiday, and this was the first step in the Government's reconstruction of out financial and economic fabric The second step was the legislation promply and patriotically passed by the Congress __ so that it became possible in view of the requirement of time to extend the holiday and lift the ban of that holiday gradually This law also gave authority to devetop a program of rehabilitation of cur banking facilities. I want to tell our civens in every part of the Nation that the national Congress-Republicans and Democrats alike-showed by this action a devotion to public welfare and a realization of the emergency and the necessary for speed that it is dimcut to match in our history The third stage has been the series of regulations permitting the banks to continue their functions to take care of the distribution of food and household necessilies and the payment of payrolls Source 2 Excerpt from FDR's Fireside Chat (May 7, 1935) First, we are giving opportunity of employment to one-quarter of a million of the unemployed,especialy the young men who have dependents, to go into the forestry and flood prevention work.Second,I have requested the Congress and have secured action upon a proposal to pul the great properties cared by our Government __ to work after long years of wasleful inaction and with this a broad plan for the improvement of a vast area in the Tennessee Valley __ Next, the Congress is about to pass lepistation that will greatly ease the morgage distress __ of the nation, by providing for the easing of the burden of debl now bearing so heavly upon millions of our people __ Our next step in seeking minediale relief is a grant of hair a bilion dollars to help the states, countles and municipalines __ to care for those who need direct and Immediale relet 4 What role did US banks play in causing the Great Depression? A. They prevented depositors from withdrawing money. C B. They made many large loans to speculators C. They did not invest enough of their assets D. They raised interest rates too high.

Kesponse 10 the urea Uepression Use your historical knowledge and the sources below to answer the questions attached Source 1 Excerpt from FoR's Fireside Chat (March 12,1933) It was then that I issued the proclamation providing for the nationwide bank holiday, and this was the first step in the Government's reconstruction of out financial and economic fabric The second step was the legislation promply and patriotically passed by the Congress __ so that it became possible in view of the requirement of time to extend the holiday and lift the ban of that holiday gradually This law also gave authority to devetop a program of rehabilitation of cur banking facilities. I want to tell our civens in every part of the Nation that the national Congress-Republicans and Democrats alike-showed by this action a devotion to public welfare and a realization of the emergency and the necessary for speed that it is dimcut to match in our history The third stage has been the series of regulations permitting the banks to continue their functions to take care of the distribution of food and household necessilies and the payment of payrolls Source 2 Excerpt from FDR's Fireside Chat (May 7, 1935) First, we are giving opportunity of employment to one-quarter of a million of the unemployed,especialy the young men who have dependents, to go into the forestry and flood prevention work.Second,I have requested the Congress and have secured action upon a proposal to pul the great properties cared by our Government __ to work after long years of wasleful inaction and with this a broad plan for the improvement of a vast area in the Tennessee Valley __ Next, the Congress is about to pass lepistation that will greatly ease the morgage distress __ of the nation, by providing for the easing of the burden of debl now bearing so heavly upon millions of our people __ Our next step in seeking minediale relief is a grant of hair a bilion dollars to help the states, countles and municipalines __ to care for those who need direct and Immediale relet 4 What role did US banks play in causing the Great Depression? A. They prevented depositors from withdrawing money. C B. They made many large loans to speculators C. They did not invest enough of their assets D. They raised interest rates too high.
Kesponse 10 the urea Uepression Use your historical knowledge and the sources below to answer the questions attached Source 1 Excerpt from FoR's Fireside Chat (March 12,1933) It was then that I issued the proclamation providing for the nationwide bank holiday, and this was the first step in the Government's reconstruction of out financial and economic fabric The second step was the legislation promply and patriotically passed by the Congress __ so that it became possible in view of the requirement of time to extend the holiday and lift the ban of that holiday gradually This law also gave authority to devetop a program of rehabilitation of cur banking facilities. I want to tell our civens in every part of the Nation that the national Congress-Republicans and Democrats alike-showed by this action a devotion to public welfare and a realization of the emergency and the necessary for speed that it is dimcut to match in our history The third stage has been the series of regulations permitting the banks to continue their functions to take care of the distribution of food and household necessilies and the payment of payrolls Source 2 Excerpt from FDR's Fireside Chat (May 7, 1935) First, we are giving opportunity of employment to one-quarter of a million of the unemployed,especialy the young men who have dependents, to go into the forestry and flood prevention work.Second,I have requested the Congress and have secured action upon a proposal to pul the great properties cared by our Government __ to work after long years of wasleful inaction and with this a broad plan for the improvement of a vast area in the Tennessee Valley __ Next, the Congress is about to pass lepistation that will greatly ease the morgage distress __ of the nation, by providing for the easing of the burden of debl now bearing so heavly upon millions of our people __ Our next step in seeking minediale relief is a grant of hair a bilion dollars to help the states, countles and municipalines __ to care for those who need direct and Immediale relet 4 What role did US banks play in causing the Great Depression? A. They prevented depositors from withdrawing money. C B. They made many large loans to speculators C. They did not invest enough of their assets D. They raised interest rates too high.

Solution
4.4(235 votes)

Answer

B. They made many large loans to speculators Explanation The Great Depression was a severe worldwide economic downturn that took place during the 1930s. One of the contributing factors to the Great Depression was the role of banks in the United States. During the 1920s, banks made numerous large loans to speculators, which fueled the stock market bubble. When the stock market crashed in 1929, many of these loans could not be repaid, leading to bank failures. This situation was exacerbated by the lack of sufficient regulation and oversight of banking practices at the time. The failure of banks to manage their lending practices and the subsequent inability to recover loans contributed significantly to the economic collapse.

Explanation

The Great Depression was a severe worldwide economic downturn that took place during the 1930s. One of the contributing factors to the Great Depression was the role of banks in the United States. During the 1920s, banks made numerous large loans to speculators, which fueled the stock market bubble. When the stock market crashed in 1929, many of these loans could not be repaid, leading to bank failures. This situation was exacerbated by the lack of sufficient regulation and oversight of banking practices at the time. The failure of banks to manage their lending practices and the subsequent inability to recover loans contributed significantly to the economic collapse.
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