What are two reasons that banks failed during the Great Depression?

Foreign nations stopped war debt payments.
Credit card interest rates were not high enough.
Farms went bankrupt and could not pay back loans.
They had invested too heavily in the stock market.

Two reasons that banks failed during the Great Depression was Credit card interest rates were not high enough. Farms went bankrupt and could not pay back loans. This is further explained below.

What is Great Depression?

Generally, Depression-like conditions in the economy or market, last for a very long time.

In conclusion, Low credit card interest rates were a contributing factor to the failure of several banks during the Great Depression. Farmers defaulted on their debts because they went bankrupt.

What are two reasons that banks failed during the Great Depression? Foreign nations stopped war debt payments. Credit card interest rates were not high enough. Farms went bankrupt and could not pay back loans. They had invested too heavily in the stock market.

Respuesta :

What is Great Depression?

Otras preguntas

What are two reasons that banks failed during the Great Depression?

Foreign nations stopped war debt payments.
Credit card interest rates were not high enough.
Farms went bankrupt and could not pay back loans.
They had invested too heavily in the stock market.