Respuesta :
Answer:
D
Explanation:
Led to closure of 60 percent of the nation's banks
Answer:
D. Led to closure of 60 percent of the nation's banks.
Explanation:
During the winter, in the depression that occured in between 1932 - 1933, the nations banking system began to collapse as banks who had invested heavily in stocks or offered mortgage loans on property to individaul, now turn worthless and failed.
Hence, in the winter, the depression during this period resulted to closure of 60 percent of the nation's banks.
It is part of the Great Depression starting from 1929, it is as a result of many various underlying issues with the nation's economy.