hich facts represent the economic reality the nation faced in 1933?

Question

Responses

The economic system was on the verge of collapsing.

The economic system was on the verge of collapsing.

The government had too much money.

The government had too much money.

People were selling gold at lower prices.

People were selling gold at lower prices.

Banks were failing every day.

Banks were failing every day.

Answer 1

The facts that represent the economic reality the nation faced in 1933 include:

1. The economic system was on the verge of collapsing.
2. Banks were failing every day.

These statements accurately reflect the dire economic conditions of the Great Depression during that time. The other statements regarding the government having too much money and people selling gold at lower prices do not accurately capture the economic climate of 1933. In fact, the government was dealing with significant deficits and economic challenges, and there was a general loss of confidence in monetary value, not excessive wealth.