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Why were bank failures common during the Depression?
O Many people could not pay what they owed to banks.
O Many people took out new loans.
O Many people put more money into the banking system.
O Many people stopped spending money.

Respuesta :

Answer:

b

Explanation:

people took loans and when you get a loan you have pay it back, no money to give out= bank failures

Answer: Many people could not pay what they owed to banks.

Explanation:

the "run on the banks" led to a lack of funds and banks failed, Americans lost their life savings; money in banks were not insured.

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