Question

All of the following contributed to the bank failures of the late 1920s except

Responses

unpaid farm loans.

unpaid farm loans.

the stock market crash.

the stock market crash.

overextension of credit.

overextension of credit.

bank holidays.

Answer 1

The factor that did not contribute to the bank failures of the late 1920s is **bank holidays**. Bank holidays were measures taken by governments to temporarily close banks in order to stabilize the banking system, rather than a cause of the failures themselves. The other options listed—unpaid farm loans, the stock market crash, and overextension of credit—were indeed contributing factors to the bank failures during that time.