Why did banks close during the Great Depression?
(1 point)
Responses
They could not afford to pay the workers to keep banks open.
They could not afford to pay the workers to keep banks open.
They had taken out too many loans that they could not repay so they foreclosed.
They had taken out too many loans that they could not repay so they foreclosed.
They were shut down by the government in order to give their money to the poor.
They were shut down by the government in order to give their money to the poor.
They did not have the money to pay everyone who wanted to withdraw his or her savings.
1 answer
They did not have the money to pay everyone who wanted to withdraw his or her savings.
1 answer