(1926-1937) Year
Number of Bank Failures
1926
1931
1933
1937 1
Each
represents 250 banks.
Source: Visualized American Government, 1957
The major reason for the change in the number of bank failures between the early 1926 and 1937 is that by 1937 —
A
most people were too poor to have any savings.
В.
new banking laws had restored public confidence in the nation's banks.
С.
most Americans had transferred their savings to European banks,
D
the government had purchased and was operating the nation's banks.