1. why did the author of this graph include information for 1920 and 1925?
2. what caused the large drop from 1933 to 1934?
3. why might the failure rate have been so low in 1935, compared to 1920 and 1925?

1. to set a standard during normal times to compare depression years against

2. bank holiday and regulations put in place, returning of consumer confidence.

3. regulations in place kept banks safer, financially unsound banks were out of business by then