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How well did the Federal Reserve Banks perform during the Great Depression?


A. The Federal Reserve System skillfully guided the United States economy out of the Great Depression.

B. The Chair of the Board of Governors made bad decisions and directed the Federal Reserve Banks to act in harmful ways.

C. The Great Depression took place before the Federal Reserve System was established.

D. Individual governors of the Federal Reserve Banks disagreed over policy and were unable to stop the depression.

Respuesta :

pretty sure its D hope this helps good luck

barbaralazarotto

Answer:

D. Individual governors of the Federal Reserve Banks disagreed over policy and were unable to stop the depression.

Explanation:

The Great Depression started in August 1929, there were many financial system reforms bu the recession that came in 1937 interrupted any economic recovery.

The Federal Reserve System had a decentralized decision-making structure, because of that, each district had a governor who set the policy for the district. The Board lacked authority and tools to act. This caused ineffectiveness, especially when governors disagreed and took contradictory courses of actions.

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