The Aspect of the Second Banking Crisis of the 1930s

Multiple Choice

The aspect of the Second Banking Crisis of the 1930s that distinguished it from the First Banking Crisis was that during the second crisis ___.

A) the Federal Reserve finally decided to act as lender of last resort.
B) the stock market boom finally came to an end with the crash.
C) banks in all regions of the country failed.
D) President Roosevelt asked Congress to establish Federal deposit insurance.